This page reflects NAVN 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 — NAVN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (10.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$3.83
±14.9%
Days to Expiry
15
Calendar days
Total Call OI
7,059
Nearest expiry
Total Put OI
2,126
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$25.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$15.00
5/15/2026, 11:26:23 PM
2026-06-18
$20.00
6/18/2026, 11:22:08 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:22:26 PM
2026-08-21
$22.50
7/3/2026, 11:22:26 PM
2026-10-16
$15.00
7/3/2026, 11:22:26 PM
2027-01-15
$17.50
7/3/2026, 11:22:26 PM
Selected expiration: 2026-07-17 at max pain $15.00.
NAVN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2275250
2275250
5
1750
1756250
1758000
7.5
6750
1237250
1244000
10
50250
867750
918000
12.5
126500
533750
660250
15
358250
273750
632000
17.5
832500
142000
974500
20
1791000
53250
1844250
22.5
2942500
8000
2950500
25
4327750
1000
4328750
30
7526750
500
7527250
35
10984750
0
10984750
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.