SBA Communications CorporationClose $207.74EOD only
Max Pain
$200.00
Next expiry Jun 18, 2026
Expected Move
±$15.40
7.4% from close
Price Gap
-7.74
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.85
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects SBAC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — SBAC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $200.00 (7.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$15.40
±7.4%
Days to Expiry
29
Calendar days
Total Call OI
1,913
Nearest expiry
Total Put OI
2,191
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$207.74
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$175.00
4/17/2026, 11:26:32 PM
2026-05-15
$200.00
5/15/2026, 11:35:35 PM
2026-06-18NextUpdated
$200.00
5/20/2026, 11:28:16 PM
2026-07-17
$175.00
5/20/2026, 11:28:16 PM
2026-09-18
$190.00
5/20/2026, 11:28:16 PM
2026-12-18
$210.00
5/20/2026, 11:28:16 PM
Selected expiration: 2026-06-18 at max pain $200.00.
SBAC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
16959000
16959000
130
0
14770000
14770000
135
0
13676000
13676000
140
0
12584000
12584000
145
0
11492000
11492000
150
0
10400000
10400000
155
0
9308000
9308000
160
0
8216000
8216000
165
0
7141000
7141000
170
0
6066000
6066000
175
218500
4991000
5209500
180
437000
3974500
4411500
185
670500
3180000
3850500
190
924500
2420500
3345000
195
1181500
1671500
2853000
200
1536500
982000
2518500
210
2597500
149000
2746500
220
3920500
12000
3932500
230
5524500
8000
5532500
240
7342500
5000
7347500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.