What is NEM max pain this week?

NEM max pain for the nearest expiration (2026-08-21) is $103.00. Total call open interest: 58,113. Total put open interest: 34,254.

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 $115.98EOD only

Max Pain

$103.00

Next expiry Aug 21, 2026

Expected Move

±$3.67

3.2% from close

Price Gap

-12.98

Distance to max pain

IV Rank

Low premium

P/C OI

0.70

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 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

Aug 18, 2026 close

Max Pain — NEM

Data as of market close Aug 18, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $103.00 (12.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$103.00

Nearest expiry

Expected Move

±$3.67

±3.2%

Days to Expiry

Calendar days

Total Call OI

58,113

Nearest expiry

Total Put OI

34,254

Nearest expiry

P/C OI Ratio

0.59

Put-heavy

Spot Price

$115.98

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-08-21

Expiration	Max Pain Strike	Last Updated
2026-08-07	$99.00	8/7/2026, 11:23:10 PM
2026-08-14	$105.00	8/14/2026, 11:25:01 PM
2026-08-21NextUpdated	$103.00	8/18/2026, 11:27:51 PM
2026-08-28	$110.00	8/18/2026, 11:27:51 PM
2026-09-04	$105.00	8/18/2026, 11:27:51 PM
2026-09-11	$108.00	8/18/2026, 11:27:51 PM
2026-09-18	$100.00	8/18/2026, 11:27:51 PM
2026-09-25	$106.00	8/18/2026, 11:27:51 PM
2026-10-02	$108.00	8/18/2026, 11:27:51 PM
2026-10-16	$100.00	8/18/2026, 11:27:51 PM
2026-12-18	$90.00	8/18/2026, 11:27:51 PM
2027-01-15	$77.50	8/18/2026, 11:27:51 PM
2027-03-19	$97.50	8/18/2026, 11:27:51 PM
2027-06-17	$100.00	8/18/2026, 11:27:51 PM

Selected expiration: 2026-08-21 at max pain $103.00.

NEM pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
55	0	138972600	138972600
60	500	121849600	121850100
65	4000	104747100	104751100
70	30500	87756600	87787100
75	90500	70841600	70932100
78	154400	60931100	61085500
79	175700	57655200	57830900
80	197000	54379700	54576700
82	248600	48182500	48431100
82.5	261500	46635650	46897150
83	274400	45089400	45363800
84	301200	41999000	42300200
85	328000	38913500	39241500
86	376800	36057900	36434700
87	425600	33207200	33632800
87.5	450000	31848500	32298500
88	475550	30713500	31189050
89	527450	28457300	28984750
90	579350	26204500	26783850
91	677650	24248600	24926250

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.