SELLAS Life Sciences Group, IncClose $8.97EOD only
Max Pain
$6.50
Next expiry May 22, 2026
Expected Move
±$1.02
11.4% from close
Price Gap
-2.47
Distance to max pain
IV Rank
100
High premium
P/C OI
0.15
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — SLS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $6.50 (2.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$1.02
±11.4%
Days to Expiry
2
Calendar days
Total Call OI
8,073
Nearest expiry
Total Put OI
3,324
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$8.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$4.50
5/8/2026, 11:28:44 PM
2026-05-15
$5.00
5/15/2026, 11:36:53 PM
2026-05-22NextUpdated
$6.50
5/20/2026, 11:36:12 PM
2026-05-29
$5.00
5/20/2026, 11:36:12 PM
2026-06-05
$5.00
5/20/2026, 11:36:12 PM
2026-06-12
$5.50
5/20/2026, 11:36:12 PM
2026-06-18
$5.50
5/20/2026, 11:36:12 PM
2026-06-26
$3.50
5/20/2026, 11:36:12 PM
2026-07-17
$3.50
5/20/2026, 11:36:12 PM
2026-09-18
$2.00
5/20/2026, 11:36:12 PM
2026-10-16
$5.00
5/20/2026, 11:36:12 PM
2027-01-15
$1.00
5/20/2026, 11:36:12 PM
Selected expiration: 2026-05-22 at max pain $6.50.
SLS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1925200
1925200
1.5
0
1592800
1592800
2
0
1426600
1426600
2.5
0
1260400
1260400
3
0
1094250
1094250
3.5
0
928100
928100
4
150
762150
762300
4.5
3300
597150
600450
5
18850
436350
455200
5.5
63250
293700
356950
6
124850
173800
298650
6.5
227250
70900
298150
7
344500
10800
355300
7.5
507850
2850
510700
8
735650
2000
737650
8.5
1021000
1400
1022400
9
1363100
800
1363900
9.5
1719350
650
1720000
10
2085900
500
2086400
11
2887600
200
2887800
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.