SELLAS Life Sciences Group, IncClose $13.10EOD only
Max Pain
$12.00
Next expiry Aug 21, 2026
Expected Move
±$1.07
8.2% from close
Price Gap
-1.10
Distance to max pain
IV Rank
29
Middle-high premium
P/C OI
0.58
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — SLS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.00 (1.10 below 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
±$1.07
±8.2%
Days to Expiry
3
Calendar days
Total Call OI
60,127
Nearest expiry
Total Put OI
36,937
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$13.10
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$11.50
8/7/2026, 11:34:06 PM
2026-08-14
$11.50
8/14/2026, 11:30:26 PM
2026-08-21NextUpdated
$12.00
8/18/2026, 11:30:03 PM
2026-08-28
$11.00
8/18/2026, 11:30:03 PM
2026-09-04
$12.00
8/18/2026, 11:30:03 PM
2026-09-11
$11.00
8/18/2026, 11:30:03 PM
2026-09-18
$8.00
8/18/2026, 11:30:03 PM
2026-09-25
$11.00
8/18/2026, 11:30:03 PM
2026-10-02
$9.00
8/18/2026, 11:30:03 PM
2026-10-16
$10.00
8/18/2026, 11:30:03 PM
2027-01-15
$2.50
8/18/2026, 11:30:03 PM
Selected expiration: 2026-08-21 at max pain $12.00.
SLS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
25124550
25124550
2
1900
21438950
21440850
3
4200
17787950
17792150
4
6900
14791350
14798250
5
56700
12070650
12127350
6
108400
9799650
9908050
6.5
151100
8868350
9019450
7
193800
7937300
8131100
7.5
243400
7048250
7291650
8
293000
6159250
6452250
8.5
365300
5419700
5785000
9
437600
4686150
5123750
9.5
552600
4012650
4565250
10
669200
3364900
4034100
10.5
893650
2913350
3807000
11
1127350
2469550
3596900
11.5
1392050
2068400
3460450
12
1662100
1681850
3343950
12.5
2097350
1367700
3465050
13
2565950
1072000
3637950
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.