D/B/A Sibanye-Stillwater LimiteClose $9.96EOD only
Max Pain
$12.00
Next expiry Oct 16, 2026
Expected Move
±$0.72
7.3% from close
Price Gap
+2.04
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.41
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — SBSW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $12.00 (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
$12.00
Nearest expiry
Expected Move
±$0.72
±7.3%
Days to Expiry
14
Calendar days
Total Call OI
27,300
Nearest expiry
Total Put OI
27,694
Nearest expiry
P/C OI Ratio
1.01
Put-heavy
Spot Price
$9.96
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
$9.00
8/21/2026, 11:29:45 PM
2026-09-18
$12.00
9/18/2026, 11:29:12 PM
2026-10-16NextUpdated
$12.00
10/2/2026, 11:28:43 PM
2026-11-20
$12.00
10/2/2026, 11:28:43 PM
2027-01-15
$8.00
10/2/2026, 11:28:43 PM
2027-03-19
$10.00
10/2/2026, 11:28:43 PM
2027-04-16
$12.00
10/2/2026, 11:28:43 PM
2027-06-17
$10.00
10/2/2026, 11:28:43 PM
2027-09-17
$10.00
10/2/2026, 11:28:43 PM
Selected expiration: 2026-10-16 at max pain $12.00.
SBSW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
14341400
14341400
6
27700
11580100
11607800
7
57500
8818800
8876300
8
103100
6123500
6226600
9
156100
3933900
4090000
10
264800
1934100
2198900
11
404400
740400
1144800
12
799700
261000
1060700
13
1948200
70300
2018500
14
3713400
32900
3746300
15
5779500
18700
5798200
16
8037800
11300
8049100
17
10349000
9200
10358200
18
12788000
7300
12795300
19
15307700
6200
15313900
20
17830200
5100
17835300
21
20457600
4500
20462100
22
23107200
4000
23111200
23
25799100
3500
25802600
24
28494500
3000
28497500
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.