This page reflects NKLR 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 — NKLR
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $5.00 (0.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$1.45
±27.7%
Days to Expiry
30
Calendar days
Total Call OI
18,929
Nearest expiry
Total Put OI
7,009
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$5.24
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
$5.00
4/17/2026, 11:19:31 PM
2026-05-15
$5.00
5/15/2026, 11:27:03 PM
2026-06-18NextUpdated
$5.00
5/19/2026, 11:21:14 PM
2026-07-17
$2.50
5/19/2026, 11:21:14 PM
2026-08-21
$5.00
5/19/2026, 11:21:14 PM
2026-09-18
$5.00
5/19/2026, 11:21:14 PM
2026-10-16
$7.50
5/19/2026, 11:21:14 PM
2026-11-20
$7.50
5/19/2026, 11:21:14 PM
2026-12-18
$5.00
5/19/2026, 11:21:14 PM
2027-01-15
$5.00
5/19/2026, 11:21:14 PM
Selected expiration: 2026-06-18 at max pain $5.00.
NKLR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2016750
2016750
5
23500
365000
388500
7.5
2363000
136500
2499500
10
6402750
45000
6447750
12.5
10777250
24250
10801500
15
15280000
10500
15290500
17.5
19886250
4500
19890750
20
24505250
3000
24508250
22.5
29142750
2250
29145000
25
33781000
1500
33782500
30
43065000
0
43065000
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.