This page reflects NGNE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NGNE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $22.50 (4.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$4.58
±17.0%
Days to Expiry
29
Calendar days
Total Call OI
1,835
Nearest expiry
Total Put OI
36
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$26.95
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$20.00
4/17/2026, 11:19:20 PM
2026-05-15
$30.00
5/15/2026, 11:29:41 PM
2026-06-18NextUpdated
$22.50
5/20/2026, 11:22:55 PM
2026-09-18
$20.00
5/20/2026, 11:22:55 PM
2027-01-15
$15.00
5/20/2026, 11:22:55 PM
Selected expiration: 2026-06-18 at max pain $22.50.
NGNE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
47000
47000
17.5
500
30000
30500
20
750
24500
25250
22.5
2750
19000
21750
25
12500
13500
26000
30
33000
2500
35500
35
70500
1500
72000
40
126000
1000
127000
45
182000
500
182500
50
1079500
0
1079500
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.