This page reflects SDGR 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 — SDGR
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (2.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$2.70
±15.9%
Days to Expiry
11
Calendar days
Total Call OI
3,392
Nearest expiry
Total Put OI
1,188
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$17.00
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
$12.50
5/15/2026, 11:33:16 PM
2026-06-18
$12.50
6/18/2026, 11:30:15 PM
2026-07-17NextUpdated
$15.00
7/6/2026, 11:33:05 PM
2026-08-21
$15.00
7/6/2026, 11:33:05 PM
2026-09-18
$10.00
7/6/2026, 11:33:05 PM
2026-11-20
$15.00
7/6/2026, 11:33:05 PM
2026-12-18
$12.50
7/6/2026, 11:33:05 PM
Selected expiration: 2026-07-17 at max pain $15.00.
SDGR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1483250
1483250
5
0
1186750
1186750
7.5
250
891250
891500
10
1000
597750
598750
12.5
4750
315250
320000
15
31250
91750
123000
17.5
201250
15250
216500
20
602750
8250
611000
22.5
1405500
1500
1407000
25
2242500
750
2243250
27.5
3087750
250
3088000
30
3935750
0
3935750
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.