This page reflects NDSN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NDSN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $270.00 (6.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$21.60
±7.8%
Days to Expiry
29
Calendar days
Total Call OI
428
Nearest expiry
Total Put OI
123
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$276.20
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$260.00
4/17/2026, 11:21:48 PM
2026-05-15
$280.00
5/15/2026, 11:24:27 PM
2026-06-18NextUpdated
$270.00
5/20/2026, 11:22:37 PM
2026-09-18
$300.00
5/20/2026, 11:22:37 PM
2026-12-18
$260.00
5/20/2026, 11:22:37 PM
Selected expiration: 2026-06-18 at max pain $270.00.
NDSN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
1428000
1428000
150
1000
1366500
1367500
155
2500
1307000
1309500
160
4000
1249000
1253000
165
5500
1192000
1197500
170
7000
1135500
1142500
175
8500
1079500
1088000
180
10000
1024000
1034000
185
12000
968500
980500
195
18000
857500
875500
200
21500
802000
823500
210
28500
691000
719500
220
38500
581000
619500
230
48500
490000
538500
240
58500
402000
460500
250
68500
317000
385500
260
78500
232000
310500
270
142500
160000
302500
280
481500
111000
592500
290
838500
74000
912500
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.