This page reflects SBRA 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 — SBRA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (0.16 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
±$0.85
±4.2%
Days to Expiry
15
Calendar days
Total Call OI
4,532
Nearest expiry
Total Put OI
631
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$20.16
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
$22.50
5/15/2026, 11:38:59 PM
2026-06-18
$17.50
6/18/2026, 11:28:37 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:27:53 PM
2026-08-21
$20.00
7/3/2026, 11:27:53 PM
2026-10-16
$17.50
7/3/2026, 11:27:53 PM
2027-01-15
$17.50
7/3/2026, 11:27:53 PM
Selected expiration: 2026-07-17 at max pain $20.00.
SBRA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
886750
886750
5
0
729000
729000
7.5
250
571250
571500
10
750
413500
414250
12.5
1250
255750
257000
15
4250
98000
102250
17.5
10750
13500
24250
20
22250
250
22500
22.5
987750
0
987750
25
2114250
0
2114250
30
4375250
0
4375250
35
6636250
0
6636250
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.