Companhia de saneamento Basico Close $5.81EOD only
Max Pain
$5.00
Next expiry Jul 17, 2026
Expected Move
±$0.73
12.5% from close
Price Gap
-0.81
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.08
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 6, 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
Jul 6, 2026 close
Max Pain — SBS
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $5.00 (0.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.73
±12.5%
Days to Expiry
11
Calendar days
Total Call OI
503
Nearest expiry
Total Put OI
16
Nearest expiry
P/C OI Ratio
0.03
Put-heavy
Spot Price
$5.81
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
$6.00
5/15/2026, 11:34:07 PM
2026-06-18
$5.00
6/18/2026, 11:29:53 PM
2026-07-17NextUpdated
$5.00
7/6/2026, 11:31:30 PM
2026-08-21
$5.00
7/6/2026, 11:31:30 PM
2026-10-16
$6.00
7/6/2026, 11:31:30 PM
2027-01-15
$2.50
7/6/2026, 11:31:30 PM
Selected expiration: 2026-07-17 at max pain $5.00.
SBS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
4.5
0
5700
5700
5
50
5300
5350
6
4550
4600
9150
7
13550
4100
17650
8
23650
3900
27550
10
45450
3500
48950
12.5
73200
3000
76200
15
105950
2500
108450
17.5
205450
2000
207450
20
322700
1500
324200
22.5
439950
1000
440950
25
557700
500
558200
30
809200
0
809200
35
1060700
0
1060700
40
1312200
0
1312200
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.