Norwegian Cruise Line Holdings Close $17.61EOD only
Max Pain
$18.00
Next expiry Aug 21, 2026
Expected Move
±$0.60
3.4% from close
Price Gap
+0.39
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.91
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects NCLH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NCLH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (0.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.60
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
30,193
Nearest expiry
Total Put OI
11,569
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$17.61
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$19.00
8/7/2026, 11:22:57 PM
2026-08-14
$19.00
8/14/2026, 11:23:24 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:24:56 PM
2026-08-28
$19.00
8/18/2026, 11:24:56 PM
2026-09-04
$19.00
8/18/2026, 11:24:56 PM
2026-09-11
$19.00
8/18/2026, 11:24:56 PM
2026-09-18
$20.00
8/18/2026, 11:24:56 PM
2026-09-25
$19.00
8/18/2026, 11:24:56 PM
2026-10-02
$18.00
8/18/2026, 11:24:56 PM
2026-12-18
$20.00
8/18/2026, 11:24:56 PM
2027-01-15
$20.00
8/18/2026, 11:24:56 PM
2027-03-19
$20.00
8/18/2026, 11:24:56 PM
2027-06-17
$22.00
8/18/2026, 11:24:56 PM
Selected expiration: 2026-08-21 at max pain $18.00.
NCLH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
9556350
9556350
11
1000
8399450
8400450
12
2500
7243250
7245750
13
4400
6088050
6092450
14
8900
4933050
4941950
15
14600
3786150
3800750
15.5
20650
3220100
3240750
16
26700
2655550
2682250
16.5
36000
2126950
2162950
17
45400
1603950
1649350
17.5
62900
1133450
1196350
18
83950
709150
793100
18.5
489150
448200
937350
19
954850
257950
1212800
19.5
1493550
145800
1639350
20
2088250
46050
2134300
20.5
2931150
24750
2955900
21
3795900
4850
3800750
21.5
4833600
4050
4837650
22
5882250
3300
5885550
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.