This page reflects SBLK 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 — SBLK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (5.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.55
±5.1%
Days to Expiry
3
Calendar days
Total Call OI
13,325
Nearest expiry
Total Put OI
32,747
Nearest expiry
P/C OI Ratio
2.46
Put-heavy
Spot Price
$30.13
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
$27.00
6/18/2026, 11:30:38 PM
2026-07-17
$26.00
7/17/2026, 11:36:42 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:38:22 PM
2026-09-18
$29.00
8/18/2026, 11:38:22 PM
2026-11-20
$29.00
8/18/2026, 11:38:22 PM
2027-01-15
$27.00
8/18/2026, 11:38:22 PM
2027-02-19
$35.00
8/18/2026, 11:38:22 PM
2027-06-17
$22.00
8/18/2026, 11:38:22 PM
Selected expiration: 2026-08-21 at max pain $25.00.
SBLK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
24337800
24337800
11
0
21063100
21063100
12
0
17788400
17788400
13
0
14513700
14513700
14
0
11239000
11239000
15
0
7964300
7964300
16
0
4690100
4690100
17
0
4098700
4098700
18
0
3509100
3509100
19
0
2920900
2920900
20
2000
2337200
2339200
21
4100
1760300
1764400
22
6800
1206600
1213400
23
12800
743400
756200
24
19000
458100
477100
25
44100
198900
243000
26
181500
66600
248100
27
391700
18300
410000
28
997500
4500
1002000
29
1766700
2200
1768900
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.