Norwegian Cruise Line Holdings Close $19.78EOD only
Max Pain
$20.50
Next expiry Jul 10, 2026
Expected Move
±$1.16
5.9% from close
Price Gap
+0.72
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.79
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — NCLH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $20.50 (0.72 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.50
Nearest expiry
Expected Move
±$1.16
±5.9%
Days to Expiry
8
Calendar days
Total Call OI
10,845
Nearest expiry
Total Put OI
2,997
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$19.78
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$19.00
6/26/2026, 11:20:56 PM
2026-07-02
$20.50
7/2/2026, 11:20:55 PM
2026-07-10NextUpdated
$20.50
7/3/2026, 11:21:38 PM
2026-07-17
$19.00
7/3/2026, 11:21:38 PM
2026-07-24
$20.00
7/3/2026, 11:21:38 PM
2026-07-31
$20.00
7/3/2026, 11:21:38 PM
2026-08-07
$20.00
7/3/2026, 11:21:38 PM
2026-08-21
$20.00
7/3/2026, 11:21:38 PM
2026-09-18
$20.00
7/3/2026, 11:21:38 PM
2026-12-18
$20.00
7/3/2026, 11:21:38 PM
2027-01-15
$20.00
7/3/2026, 11:21:38 PM
2027-03-19
$20.00
7/3/2026, 11:21:38 PM
2027-06-17
$22.00
7/3/2026, 11:21:38 PM
Selected expiration: 2026-07-10 at max pain $20.50.
NCLH pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
2990650
2990650
11
1300
2690950
2692250
12
2700
2391250
2393950
13
4800
2091550
2096350
14
7000
1791850
1798850
15
9500
1496150
1505650
15.5
10950
1349550
1360500
16
12500
1202950
1215450
16.5
16500
1059300
1075800
17
20600
915800
936400
17.5
25100
780350
805450
18
29700
647350
677050
18.5
42000
517500
559500
19
54350
390450
444800
19.5
78450
270450
348900
20
104500
155200
259700
20.5
151250
72650
223900
21
206700
29550
236250
21.5
454700
14000
468700
22
721400
6250
727650
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.