This page reflects NAVN 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 — NAVN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (1.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.10
±9.8%
Days to Expiry
14
Calendar days
Total Call OI
9,117
Nearest expiry
Total Put OI
5,561
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$21.43
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
$25.00
8/21/2026, 11:24:00 PM
2026-09-18
$25.00
9/18/2026, 11:20:59 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:22:37 PM
2026-11-20
$20.00
10/2/2026, 11:22:37 PM
2027-01-15
$20.00
10/2/2026, 11:22:37 PM
2027-04-16
$20.00
10/2/2026, 11:22:37 PM
Selected expiration: 2026-10-16 at max pain $20.00.
NAVN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
8080750
8080750
5
6750
6690500
6697250
7.5
22500
5300250
5322750
10
38250
4225750
4264000
12.5
64000
3192000
3256000
15
109750
2178750
2288500
17.5
186250
1232750
1419000
20
360500
382500
743000
22.5
1417250
182000
1599250
25
2521000
23500
2544500
30
5121000
0
5121000
35
8659500
0
8659500
40
12406000
0
12406000
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.