D/B/A Sibanye-Stillwater LimiteClose $8.96EOD only
Max Pain
$11.00
Next expiry Jul 17, 2026
Expected Move
±$0.88
9.8% from close
Price Gap
+2.04
Distance to max pain
IV Rank
36
Middle-high premium
P/C OI
0.26
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects SBSW 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 — SBSW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (2.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.88
±9.8%
Days to Expiry
15
Calendar days
Total Call OI
44,797
Nearest expiry
Total Put OI
12,491
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$8.96
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
$12.00
5/15/2026, 11:35:03 PM
2026-06-18
$11.00
6/18/2026, 11:30:52 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:25:10 PM
2026-08-21
$9.00
7/3/2026, 11:25:10 PM
2026-10-16
$11.00
7/3/2026, 11:25:10 PM
2027-01-15
$7.00
7/3/2026, 11:25:10 PM
Selected expiration: 2026-07-17 at max pain $11.00.
SBSW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
9216000
9216000
4
100
7966900
7967000
5
200
6718400
6718600
6
1500
5471200
5472700
7
18700
4224200
4242900
8
36400
2995600
3032000
9
68000
1904700
1972700
10
234000
1009600
1243600
11
534700
507700
1042400
12
1169500
339000
1508500
13
2043200
182800
2226000
14
3171900
94900
3266800
15
4546700
42200
4588900
16
6173400
26600
6200000
17
7977000
17500
7994500
18
10362300
10100
10372400
19
13159500
2800
13162300
20
16037400
100
16037500
21
19465400
0
19465400
22
22947300
0
22947300
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.