What is NFLX max pain this week?

NFLX max pain for the nearest expiration (2026-05-22) is $89.00. Total call open interest: 196,544. Total put open interest: 81,325.

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 NFLXMax Pain

NFLX

Netflix, Inc.Close $89.33EOD only

Max Pain

$89.00

Next expiry May 22, 2026

Expected Move

±$2.44

2.7% from close

Price Gap

-0.33

Distance to max pain

IV Rank

Low premium

P/C OI

0.78

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 19, 2026 close

End-of-day snapshot

This page reflects NFLX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 19, 2026 close

Max Pain — NFLX

Data as of market close May 19, 2026

Open Directional Report

Nearest listed expiration 2026-05-22 shows max pain at $89.00 (0.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$89.00

Nearest expiry

Expected Move

±$2.44

±2.7%

Days to Expiry

Calendar days

Total Call OI

196,544

Nearest expiry

Total Put OI

81,325

Nearest expiry

P/C OI Ratio

0.41

Put-heavy

Spot Price

$89.33

Published close

Consensus

8.0/10

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-05-22

Expiration	Max Pain Strike	Last Updated
2026-05-08	$90.00	5/8/2026, 11:26:16 PM
2026-05-15	$88.00	5/15/2026, 11:29:46 PM
2026-05-22NextUpdated	$89.00	5/19/2026, 11:24:49 PM
2026-05-29	$90.00	5/19/2026, 11:24:49 PM
2026-06-05	$89.00	5/19/2026, 11:24:49 PM
2026-06-12	$89.00	5/19/2026, 11:24:49 PM
2026-06-18	$95.00	5/19/2026, 11:24:49 PM
2026-06-26	$87.00	5/19/2026, 11:24:49 PM
2026-07-17	$90.00	5/19/2026, 11:24:49 PM
2026-08-21	$92.00	5/19/2026, 11:24:49 PM
2026-09-18	$90.00	5/19/2026, 11:24:49 PM
2026-10-16	$90.00	5/19/2026, 11:24:49 PM
2026-11-20	$90.00	5/19/2026, 11:24:49 PM
2026-12-18	$90.00	5/19/2026, 11:24:49 PM
2027-01-15	$60.00	5/19/2026, 11:24:49 PM
2027-03-19	$95.00	5/19/2026, 11:24:49 PM

Selected expiration: 2026-05-22 at max pain $89.00.

NFLX pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
40	0	372228700	372228700
45	11000	331574700	331585700
50	30000	290921700	290951700
60	78000	209615700	209693700
65	140500	168973700	169114200
70	208000	130670200	130878200
75	293500	92558700	92852200
76	323900	85007300	85331200
77	354500	77463300	77817800
78	386900	69987700	70374600
79	420700	62595300	63016000
80	460600	55266100	55726700
81	518300	48116900	48635200
82	591600	41091700	41683300
83	696400	34294500	34990900
84	819900	27801800	28621700
85	1010500	21913900	22924400
86	1250400	16855700	18106100
87	1663500	12319400	13982900
88	2533400	8290400	10823800

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.