SBA Communications CorporationClose $181.40EOD only
Max Pain
$185.00
Next expiry Aug 21, 2026
Expected Move
±$4.53
2.5% from close
Price Gap
+3.60
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.74
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — SBAC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (3.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$4.53
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
2,705
Nearest expiry
Total Put OI
535
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$181.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$195.00
6/18/2026, 11:28:23 PM
2026-07-17
$175.00
7/17/2026, 11:27:45 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:28:58 PM
2026-09-18
$180.00
8/18/2026, 11:28:58 PM
2026-10-16
$185.00
8/18/2026, 11:28:58 PM
2026-11-20
$180.00
8/18/2026, 11:28:58 PM
2026-12-18
$180.00
8/18/2026, 11:28:58 PM
2027-03-19
$175.00
8/18/2026, 11:28:58 PM
Selected expiration: 2026-08-21 at max pain $185.00.
SBAC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
1849500
1849500
145
0
1584500
1584500
150
1000
1320500
1321500
155
2000
1058500
1060500
160
3000
801500
804500
165
4000
545500
549500
170
5000
346000
351000
175
6000
153500
159500
180
8000
98500
106500
185
43000
47000
90000
190
81500
19000
100500
195
181000
14000
195000
200
308000
9000
317000
210
681000
0
681000
220
3383000
0
3383000
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.