Nordic American Tankers LimitedClose $8.42EOD only
Max Pain
$7.00
Next expiry Oct 16, 2026
Expected Move
±$0.70
8.3% from close
Price Gap
-1.42
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.39
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects NAT 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 — NAT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $7.00 (1.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.70
±8.3%
Days to Expiry
14
Calendar days
Total Call OI
11,964
Nearest expiry
Total Put OI
3,976
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$8.42
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$6.00
8/21/2026, 11:22:40 PM
2026-09-18
$7.00
9/18/2026, 11:23:34 PM
2026-10-16NextUpdated
$7.00
10/2/2026, 11:22:45 PM
2026-11-20
$8.00
10/2/2026, 11:22:45 PM
2027-01-15
$5.50
10/2/2026, 11:22:45 PM
2027-04-16
$6.00
10/2/2026, 11:22:45 PM
Selected expiration: 2026-10-16 at max pain $7.00.
NAT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2092900
2092900
1.5
150
1892950
1893100
2
300
1693200
1693500
2.5
450
1493600
1494050
3
600
1294100
1294700
3.5
750
1094600
1095350
4
900
895100
896000
4.5
1100
707200
708300
5
17600
537800
555400
5.5
34750
378100
412850
6
55850
228600
284450
7
128350
86000
214350
8
641650
6800
648450
9
1478150
800
1478950
10
2647950
100
2648050
11
3828950
0
3828950
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.