This page reflects NKTR 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 — NKTR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (21.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$2.95
±6.8%
Days to Expiry
14
Calendar days
Total Call OI
17,817
Nearest expiry
Total Put OI
10,859
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$43.58
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
$70.00
8/21/2026, 11:24:27 PM
2026-09-18
$70.00
9/18/2026, 11:24:55 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:23:50 PM
2026-11-20
$60.00
10/2/2026, 11:23:50 PM
2027-01-15
$55.00
10/2/2026, 11:23:50 PM
2027-02-19
$70.00
10/2/2026, 11:23:50 PM
2027-03-19
$70.00
10/2/2026, 11:23:50 PM
2027-04-16
$70.00
10/2/2026, 11:23:50 PM
2027-05-21
$60.00
10/2/2026, 11:23:50 PM
Selected expiration: 2026-10-16 at max pain $65.00.
NKTR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
20702000
20702000
40
25000
15937000
15962000
45
53000
11317000
11370000
50
150500
6907500
7058000
55
426500
3715000
4141500
60
899000
823000
1722000
65
1886000
89000
1975000
70
4109000
0
4109000
75
8036000
0
8036000
80
12717500
0
12717500
85
19851500
0
19851500
90
27435500
0
27435500
95
35605500
0
35605500
100
43986000
0
43986000
105
52709000
0
52709000
110
61432000
0
61432000
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.