What is NEM max pain this week?

NEM max pain for the nearest expiration (2026-07-10) is $95.00. Total call open interest: 5,324. Total put open interest: 1,395.

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 $97.04EOD only

Max Pain

$95.00

Next expiry Jul 10, 2026

Expected Move

±$5.54

5.7% from close

Price Gap

-2.04

Distance to max pain

IV Rank

Low premium

P/C OI

0.63

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Jul 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

Jul 2, 2026 close

Max Pain — NEM

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $95.00 (2.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$95.00

Nearest expiry

Expected Move

±$5.54

±5.7%

Days to Expiry

Calendar days

Total Call OI

5,324

Nearest expiry

Total Put OI

1,395

Nearest expiry

P/C OI Ratio

0.26

Put-heavy

Spot Price

$97.04

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	$99.00	6/26/2026, 11:21:19 PM
2026-07-02	$93.00	7/2/2026, 11:23:02 PM
2026-07-10NextUpdated	$95.00	7/3/2026, 11:20:17 PM
2026-07-17	$100.00	7/3/2026, 11:20:17 PM
2026-07-24	$103.00	7/3/2026, 11:20:17 PM
2026-07-31	$99.00	7/3/2026, 11:20:17 PM
2026-08-07	$96.00	7/3/2026, 11:20:17 PM
2026-08-21	$110.00	7/3/2026, 11:20:17 PM
2026-09-18	$100.00	7/3/2026, 11:20:17 PM
2026-12-18	$80.00	7/3/2026, 11:20:17 PM
2027-01-15	$70.00	7/3/2026, 11:20:17 PM
2027-03-19	$97.50	7/3/2026, 11:20:17 PM
2027-06-17	$105.00	7/3/2026, 11:20:17 PM

Selected expiration: 2026-07-10 at max pain $95.00.

NEM pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
65	0	3998500	3998500
70	4000	3304000	3308000
75	33500	2609500	2643000
80	117500	1922500	2040000
84	190300	1383300	1573600
85	208500	1252000	1460500
86	229200	1135900	1365100
87	249900	1020300	1270200
88	271600	905200	1176800
89	293900	796400	1090300
90	316300	690600	1006900
91	338700	592900	931600
92	362400	499600	862000
93	387600	416700	804300
94	413200	337200	750400
95	448600	263500	712100
96	509900	209800	719700
97	579700	161900	741600
98	652900	121600	774500
99	735200	84500	819700

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.