This page reflects SDGR 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 — SDGR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $25.00 (5.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$5.03
±16.6%
Days to Expiry
14
Calendar days
Total Call OI
15,598
Nearest expiry
Total Put OI
2,194
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$30.31
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
$17.50
8/21/2026, 11:29:47 PM
2026-09-18
$15.00
9/18/2026, 11:29:05 PM
2026-10-16NextUpdated
$25.00
10/2/2026, 11:28:59 PM
2026-11-20
$17.50
10/2/2026, 11:28:59 PM
2026-12-18
$15.00
10/2/2026, 11:28:59 PM
2027-03-19
$17.50
10/2/2026, 11:28:59 PM
2027-05-21
$20.00
10/2/2026, 11:28:59 PM
2027-08-20
$15.00
10/2/2026, 11:28:59 PM
Selected expiration: 2026-10-16 at max pain $25.00.
SDGR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
3001500
3001500
15
0
2453000
2453000
17.5
0
1905500
1905500
20
2000
1377750
1379750
22.5
40250
931250
971500
25
329750
513000
842750
27.5
847750
209000
1056750
30
1577500
19000
1596500
32.5
2621750
3750
2625500
35
4165250
500
4165750
37.5
8171000
250
8171250
40
12212000
0
12212000
42.5
16307750
0
16307750
45
20409250
0
20409250
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.