Norwegian Cruise Line Holdings Close $15.14EOD only
Max Pain
$14.50
Next expiry Oct 9, 2026
Expected Move
±$0.75
5.0% from close
Price Gap
-0.64
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.89
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 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
Oct 2, 2026 close
Max Pain — NCLH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $14.50 (0.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.50
Nearest expiry
Expected Move
±$0.75
±5.0%
Days to Expiry
7
Calendar days
Total Call OI
7,735
Nearest expiry
Total Put OI
4,297
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$15.14
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$14.50
9/25/2026, 11:22:59 PM
2026-10-02Updated
$14.50
10/2/2026, 11:21:14 PM
2026-10-09Next
$14.50
10/2/2026, 11:21:14 PM
2026-10-16
$15.00
10/2/2026, 11:21:14 PM
2026-10-23
$15.00
10/2/2026, 11:21:14 PM
2026-10-30
$15.00
10/2/2026, 11:21:14 PM
2026-11-06
$16.00
10/2/2026, 11:21:14 PM
2026-11-20
$15.00
10/2/2026, 11:21:14 PM
2026-12-18
$18.00
10/2/2026, 11:21:14 PM
2027-01-15
$20.00
10/2/2026, 11:21:14 PM
2027-03-19
$17.00
10/2/2026, 11:21:14 PM
2027-06-17
$15.00
10/2/2026, 11:21:14 PM
2027-09-17
$15.00
10/2/2026, 11:21:14 PM
Selected expiration: 2026-10-09 at max pain $14.50.
NCLH pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
2297900
2297900
10
0
1868400
1868400
11
500
1439000
1439500
12
2400
1009700
1012100
12.5
5100
797500
802600
13
7850
587350
595200
13.5
11700
399350
411050
14
17150
222700
239850
14.5
40400
139300
179700
15
103350
80350
183700
15.5
295400
53750
349150
16
580450
28300
608750
16.5
921050
18200
939250
17
1273150
9350
1282500
17.5
1642950
5650
1648600
18
2016850
1950
2018800
18.5
2397850
1550
2399400
19
2778850
1200
2780050
19.5
3162000
950
3162950
20
3545200
700
3545900
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.