This page reflects NCNO 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 — NCNO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (2.75 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
±$1.80
±10.1%
Days to Expiry
15
Calendar days
Total Call OI
528
Nearest expiry
Total Put OI
735
Nearest expiry
P/C OI Ratio
1.39
Put-heavy
Spot Price
$17.75
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
$17.50
5/15/2026, 11:29:17 PM
2026-06-18
$17.50
6/18/2026, 11:27:35 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:20:22 PM
2026-08-21
$15.00
7/3/2026, 11:20:22 PM
2026-11-20
$12.50
7/3/2026, 11:20:22 PM
2027-01-15
$15.00
7/3/2026, 11:20:22 PM
2027-03-19
$15.00
7/3/2026, 11:20:22 PM
Selected expiration: 2026-07-17 at max pain $15.00.
NCNO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
612250
612250
5
250
428500
428750
7.5
500
244750
245250
10
1000
61000
62000
12.5
1500
24500
26000
15
2500
10750
13250
17.5
60000
7750
67750
20
158250
4750
163000
22.5
263500
2750
266250
25
395250
1500
396750
30
659250
0
659250
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.