This page reflects SBRA 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 — SBRA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (0.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$0.82
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
1,186
Nearest expiry
Total Put OI
101
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$20.33
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
$17.50
6/18/2026, 11:28:37 PM
2026-07-17
$20.00
7/17/2026, 11:35:54 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:34:57 PM
2026-09-18
$20.00
8/18/2026, 11:34:57 PM
2026-10-16
$20.00
8/18/2026, 11:34:57 PM
2027-01-15
$20.00
8/18/2026, 11:34:57 PM
Selected expiration: 2026-08-21 at max pain $20.00.
SBRA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
171750
171750
5
0
146500
146500
7.5
0
121500
121500
10
0
96500
96500
12.5
0
71750
71750
15
0
47000
47000
17.5
0
22500
22500
20
0
1250
1250
22.5
42500
500
43000
25
337250
0
337250
35
1523250
0
1523250
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.