This page reflects NFG 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 — NFG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (9.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.67
±3.4%
Days to Expiry
15
Calendar days
Total Call OI
1,011
Nearest expiry
Total Put OI
158
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$79.34
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
$90.00
5/15/2026, 11:26:45 PM
2026-06-18
$75.00
6/18/2026, 11:22:30 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:21:54 PM
2026-08-21
$75.00
7/3/2026, 11:21:54 PM
2026-10-16
$80.00
7/3/2026, 11:21:54 PM
2027-01-15
$75.00
7/3/2026, 11:21:54 PM
Selected expiration: 2026-07-17 at max pain $70.00.
NFG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
497500
497500
50
0
418500
418500
55
0
339500
339500
60
0
260500
260500
65
0
181500
181500
70
500
102500
103000
75
150500
52500
203000
80
307500
24500
332000
85
507500
11500
519000
90
737000
0
737000
95
1038500
0
1038500
100
1514000
0
1514000
105
2014000
0
2014000
115
3014000
0
3014000
120
3517000
0
3517000
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.