What is NEM max pain this week?

NEM max pain for the nearest expiration (2026-10-09) is $118.00. Total call open interest: 3,077. Total put open interest: 963.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options NEMMax Pain

NEM

Newmont CorporationClose $115.56EOD only

Max Pain

$118.00

Next expiry Oct 9, 2026

Expected Move

±$4.61

4.0% from close

Price Gap

+2.44

Distance to max pain

IV Rank

Low premium

P/C OI

0.84

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects NEM 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 — NEM

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $118.00 (2.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$118.00

Nearest expiry

Expected Move

±$4.61

±4.0%

Days to Expiry

Calendar days

Total Call OI

3,077

Nearest expiry

Total Put OI

963

Nearest expiry

P/C OI Ratio

0.31

Put-heavy

Spot Price

$115.56

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	$122.00	9/25/2026, 11:23:17 PM
2026-10-02Updated	$117.00	10/2/2026, 11:22:35 PM
2026-10-09Next	$118.00	10/2/2026, 11:22:35 PM
2026-10-16	$118.00	10/2/2026, 11:22:35 PM
2026-10-23	$122.00	10/2/2026, 11:22:35 PM
2026-10-30	$115.00	10/2/2026, 11:22:35 PM
2026-11-06	$115.00	10/2/2026, 11:22:35 PM
2026-11-20	$125.00	10/2/2026, 11:22:35 PM
2026-12-18	$95.00	10/2/2026, 11:22:35 PM
2027-01-15	$80.00	10/2/2026, 11:22:35 PM
2027-03-19	$110.00	10/2/2026, 11:22:35 PM
2027-06-17	$110.00	10/2/2026, 11:22:35 PM
2027-09-17	$115.00	10/2/2026, 11:22:35 PM

Selected expiration: 2026-10-09 at max pain $118.00.

NEM pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
70	0	4358000	4358000
75	56500	3876500	3933000
80	120000	3395500	3515500
85	184000	2914500	3098500
95	313000	1952500	2265500
100	377500	1472500	1850000
105	456000	992500	1448500
110	535000	528500	1063500
111	550900	461100	1012000
112	566800	395300	962100
113	582700	332400	915100
114	599000	270700	869700
115	615300	213100	828400
116	636100	173700	809800
117	660700	135600	796300
118	686300	106500	792800
119	715100	79800	794900
120	762900	57200	820100
121	820100	41400	861500
122	893500	27900	921400

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.