Sally Beauty Holdings, Inc. (NaClose $12.58EOD only
Max Pain
$12.50
Next expiry Jun 18, 2026
Expected Move
±$1.45
11.5% from close
Price Gap
-0.08
Distance to max pain
IV Rank
1
Low premium
P/C OI
24.62
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects SBH 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 — SBH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.50 (0.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.45
±11.5%
Days to Expiry
29
Calendar days
Total Call OI
381
Nearest expiry
Total Put OI
8,605
Nearest expiry
P/C OI Ratio
22.59
Put-heavy
Spot Price
$12.58
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
$12.50
4/17/2026, 11:25:44 PM
2026-05-15
$15.00
5/15/2026, 11:35:58 PM
2026-06-18NextUpdated
$12.50
5/20/2026, 11:30:23 PM
2026-09-18
$15.00
5/20/2026, 11:30:23 PM
2026-12-18
$12.50
5/20/2026, 11:30:23 PM
Selected expiration: 2026-06-18 at max pain $12.50.
SBH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
8532000
8532000
5
250
6380750
6381000
7.5
500
4229750
4230250
10
1250
2112500
2113750
12.5
2250
6500
8750
15
30750
1000
31750
17.5
76500
250
76750
20
150750
0
150750
22.5
245500
0
245500
25
340250
0
340250
30
530250
0
530250
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.