Ligand Pharmaceuticals (LGND)
Ligand Pharmaceuticals Max Pain By Strike
LGND trades at $150.89, 20.7% above the near-term max pain of $125 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($95-$125), signaling increased put positioning or downside protection. Key magnetic zone at 125 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Ligand Pharmaceuticals Max Pain By Expiry
Max pain for LGND shows a downward trend from 125 to 95, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 150.89 may cap rallies. Strong magnetic level at 125 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 125 | -25.89 (-17.16%) |
| Sep 19, 2025 | 125 | -25.89 (-17.16%) |
| Oct 17, 2025 | 95 | -55.89 (-37.04%) |
| Nov 21, 2025 | 125 | -25.89 (-17.16%) |
| Feb 20, 2026 | 125 | -25.89 (-17.16%) |