Companhia de saneamento Basico Close $6.26EOD only
Max Pain
$4.50
Next expiry Oct 16, 2026
Expected Move
±$0.68
10.8% from close
Price Gap
-1.76
Distance to max pain
IV Rank
29
Middle-high premium
P/C OI
0.10
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 5, 2026 close
End-of-day snapshot
This page reflects SBS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — SBS
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $4.50 (1.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.50
Nearest expiry
Expected Move
±$0.68
±10.8%
Days to Expiry
11
Calendar days
Total Call OI
300
Nearest expiry
Total Put OI
86
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$6.26
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$5.00
8/21/2026, 11:29:31 PM
2026-09-18
$5.00
9/18/2026, 11:30:10 PM
2026-10-16NextUpdated
$4.50
10/5/2026, 11:28:03 PM
2027-01-15
$2.50
10/5/2026, 11:28:03 PM
2027-04-16
$5.00
10/5/2026, 11:28:03 PM
Selected expiration: 2026-10-16 at max pain $4.50.
SBS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
3.5
0
19600
19600
4
100
15300
15400
4.5
350
13750
14100
5
3150
12450
15600
6
10450
10550
21000
7
36450
9250
45700
8
65250
8750
74000
9
94650
8250
102900
10
124050
7750
131800
17.5
348300
4000
352300
20
423050
2750
425800
22.5
498050
1500
499550
25
573050
500
573550
30
723050
0
723050
35
873050
0
873050
40
1023050
0
1023050
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.