SELLAS Life Sciences Group, IncClose $14.98EOD only
Max Pain
$10.00
Next expiry Jul 10, 2026
Expected Move
±$1.62
10.8% from close
Price Gap
-4.98
Distance to max pain
IV Rank
89
High premium
P/C OI
0.44
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — SLS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $10.00 (4.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.62
±10.8%
Days to Expiry
8
Calendar days
Total Call OI
7,272
Nearest expiry
Total Put OI
3,696
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$14.98
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$8.50
6/26/2026, 11:29:59 PM
2026-07-02
$11.00
7/2/2026, 11:28:43 PM
2026-07-10NextUpdated
$10.00
7/3/2026, 11:27:11 PM
2026-07-17
$6.00
7/3/2026, 11:27:11 PM
2026-07-24
$7.50
7/3/2026, 11:27:11 PM
2026-07-31
$8.00
7/3/2026, 11:27:11 PM
2026-08-07
$6.00
7/3/2026, 11:27:11 PM
2026-08-21
$9.00
7/3/2026, 11:27:11 PM
2026-09-18
$5.00
7/3/2026, 11:27:11 PM
2026-10-16
$9.00
7/3/2026, 11:27:11 PM
2027-01-15
$2.00
7/3/2026, 11:27:11 PM
Selected expiration: 2026-07-10 at max pain $10.00.
SLS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
2806500
2806500
3.5
0
2254050
2254050
4
0
2070200
2070200
4.5
50
1886550
1886600
5
100
1703100
1703200
5.5
650
1523850
1524500
6
1200
1344700
1345900
6.5
1750
1169250
1171000
7
3900
1006000
1009900
7.5
7000
847200
854200
8
14950
690550
705500
8.5
32600
542850
575450
9
51950
395300
447250
9.5
74600
248300
322900
10
106800
109600
216400
10.5
150950
84500
235450
11
198500
60600
259100
11.5
262750
38000
300750
12
327950
15700
343650
12.5
401250
9100
410350
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.