This page reflects NAVN 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 — NAVN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $17.50 (1.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$3.72
±20.1%
Days to Expiry
29
Calendar days
Total Call OI
2,343
Nearest expiry
Total Put OI
602
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$18.54
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$12.50
4/17/2026, 11:18:46 PM
2026-05-15
$15.00
5/15/2026, 11:26:23 PM
2026-06-18NextUpdated
$17.50
5/20/2026, 11:26:08 PM
2026-07-17
$12.50
5/20/2026, 11:26:08 PM
2026-10-16
$12.50
5/20/2026, 11:26:08 PM
2027-01-15
$7.50
5/20/2026, 11:26:08 PM
Selected expiration: 2026-06-18 at max pain $17.50.
NAVN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
717500
717500
5
250
567000
567250
7.5
1250
416500
417750
10
2250
268500
270750
12.5
3500
123000
126500
15
5750
37750
43500
17.5
16500
9750
26250
20
138750
2500
141250
22.5
655000
0
655000
25
1206000
0
1206000
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.