This page reflects SBLK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — SBLK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $26.00 (0.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$1.27
±5.1%
Days to Expiry
15
Calendar days
Total Call OI
2,034
Nearest expiry
Total Put OI
5,441
Nearest expiry
P/C OI Ratio
2.68
Put-heavy
Spot Price
$25.15
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$24.00
5/15/2026, 11:35:31 PM
2026-06-18
$27.00
6/18/2026, 11:30:38 PM
2026-07-17NextUpdated
$26.00
7/3/2026, 11:30:35 PM
2026-08-21
$25.00
7/3/2026, 11:30:35 PM
2026-11-20
$26.00
7/3/2026, 11:30:35 PM
2027-01-15
$20.00
7/3/2026, 11:30:35 PM
2027-06-17
$20.00
7/3/2026, 11:30:35 PM
Selected expiration: 2026-07-17 at max pain $26.00.
SBLK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
3653400
3653400
20
100
3109300
3109400
21
300
2568700
2569000
22
500
2028200
2028700
23
700
1493500
1494200
24
900
966000
966900
25
43100
467500
510600
26
96700
7400
104100
27
169100
1400
170500
28
293700
100
293800
29
445700
0
445700
30
615200
0
615200
31
814500
0
814500
32
1017500
0
1017500
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.