SELLAS Life Sciences Group, IncClose $11.74EOD only
Max Pain
$11.50
Next expiry Oct 9, 2026
Expected Move
±$1.27
10.9% from close
Price Gap
-0.24
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
0.56
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects SLS 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 — SLS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $11.50 (0.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.50
Nearest expiry
Expected Move
±$1.27
±10.9%
Days to Expiry
7
Calendar days
Total Call OI
8,812
Nearest expiry
Total Put OI
3,531
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$11.74
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$11.50
9/25/2026, 11:26:47 PM
2026-10-02Updated
$11.50
10/2/2026, 11:27:41 PM
2026-10-09Next
$11.50
10/2/2026, 11:27:41 PM
2026-10-16
$12.00
10/2/2026, 11:27:41 PM
2026-10-23
$10.50
10/2/2026, 11:27:41 PM
2026-10-30
$11.00
10/2/2026, 11:27:41 PM
2026-11-06
$11.00
10/2/2026, 11:27:41 PM
2026-11-20
$11.00
10/2/2026, 11:27:41 PM
2027-01-15
$3.00
10/2/2026, 11:27:41 PM
2027-04-16
$11.00
10/2/2026, 11:27:41 PM
Selected expiration: 2026-10-09 at max pain $11.50.
SLS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3113300
3113300
4
0
2054000
2054000
5
0
1700900
1700900
6
400
1350700
1351100
6.5
600
1177600
1178200
7
800
1020950
1021750
7.5
1000
869150
870150
8
1200
723400
724600
8.5
1400
586850
588250
9
1600
451750
453350
9.5
1800
345150
346950
10
2000
240650
242650
10.5
4250
153200
157450
11
6550
79400
85950
11.5
10250
37500
47750
12
30350
21100
51450
12.5
97950
13050
111000
13
182100
7550
189650
13.5
350750
3550
354300
14
571150
0
571150
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.