National Grid Transco, PLC NatiClose $82.85EOD only
Max Pain
$85.00
Next expiry Jul 17, 2026
Expected Move
±$3.48
4.2% from close
Price Gap
+2.15
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.72
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — NGG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (2.15 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
±$3.48
±4.2%
Days to Expiry
15
Calendar days
Total Call OI
997
Nearest expiry
Total Put OI
1,555
Nearest expiry
P/C OI Ratio
1.56
Put-heavy
Spot Price
$82.85
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, 11:25:28 PM
2026-06-18
$85.00
6/18/2026, 11:21:32 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:22:26 PM
2026-08-21
$85.00
7/3/2026, 11:22:26 PM
2026-09-18
$90.00
7/3/2026, 11:22:26 PM
2026-11-20
$85.00
7/3/2026, 11:22:26 PM
2026-12-18
$85.00
7/3/2026, 11:22:26 PM
Selected expiration: 2026-07-17 at max pain $85.00.
NGG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5441500
5441500
50
0
4664500
4664500
60
0
3110500
3110500
65
0
2333500
2333500
70
0
1557000
1557000
75
1000
787000
788000
80
2500
69500
72000
85
9000
0
9000
90
247000
0
247000
95
744000
0
744000
100
1241500
0
1241500
105
1740000
0
1740000
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.