National Grid Transco, PLC NatiClose $82.15EOD only
Max Pain
$85.00
Next expiry Aug 21, 2026
Expected Move
±$2.35
2.9% from close
Price Gap
+2.85
Distance to max pain
IV Rank
20
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects NGG 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 — NGG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (2.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.35
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
501
Nearest expiry
Total Put OI
1,293
Nearest expiry
P/C OI Ratio
2.58
Put-heavy
Spot Price
$82.15
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
2026-06-18
$85.00
6/18/2026, 11:21:32 PM
2026-07-17
$85.00
7/17/2026, 11:24:10 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:23:52 PM
2026-09-18
$85.00
8/18/2026, 11:23:52 PM
2026-11-20
$80.00
8/18/2026, 11:23:52 PM
2026-12-18
$85.00
8/18/2026, 11:23:52 PM
2027-03-19
$45.00
8/18/2026, 11:23:52 PM
Selected expiration: 2026-08-21 at max pain $85.00.
NGG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
4464500
4464500
60
1500
2525000
2526500
65
2500
1879000
1881500
70
4000
1233500
1237500
75
6000
630000
636000
80
8000
59000
67000
85
49500
3500
53000
90
288000
3000
291000
95
537000
2500
539500
100
787500
2000
789500
105
1038000
1500
1039500
110
1288500
1000
1289500
115
1539000
500
1539500
120
1789500
0
1789500
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.