National Grid Transco, PLC NatiClose $76.12EOD only
Max Pain
$70.00
Next expiry Oct 16, 2026
Expected Move
±$2.73
3.6% from close
Price Gap
-6.12
Distance to max pain
IV Rank
15
Low premium
P/C OI
0.51
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 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
Oct 2, 2026 close
Max Pain — NGG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (6.12 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
±$2.73
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
461
Nearest expiry
Total Put OI
308
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$76.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$80.00
8/21/2026, 11:18:46 PM
2026-09-18
$80.00
9/18/2026, 11:21:56 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:22:17 PM
2026-11-20
$80.00
10/2/2026, 11:22:17 PM
2026-12-18
$80.00
10/2/2026, 11:22:17 PM
2027-03-19
$80.00
10/2/2026, 11:22:17 PM
Selected expiration: 2026-10-16 at max pain $70.00.
NGG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
971500
971500
50
98500
817500
916000
55
198500
663500
862000
65
399500
355500
755000
70
520000
202500
722500
75
667000
76500
743500
80
848500
0
848500
85
1061000
0
1061000
90
1286000
0
1286000
95
1515500
0
1515500
105
1976500
0
1976500
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.