This page reflects NKTR 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 — NKTR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (1.04 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
±$7.15
±10.1%
Days to Expiry
15
Calendar days
Total Call OI
8,195
Nearest expiry
Total Put OI
7,085
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$71.04
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
$70.00
5/15/2026, 11:24:11 PM
2026-06-18
$60.00
6/18/2026, 11:24:21 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:19:53 PM
2026-08-21
$65.00
7/3/2026, 11:19:53 PM
2026-11-20
$65.00
7/3/2026, 11:19:53 PM
2027-01-15
$55.00
7/3/2026, 11:19:53 PM
2027-03-19
$60.00
7/3/2026, 11:19:53 PM
2027-04-16
$70.00
7/3/2026, 11:19:53 PM
Selected expiration: 2026-07-17 at max pain $70.00.
NKTR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
20541500
20541500
45
0
13978500
13978500
50
1000
11136000
11137000
55
138500
8336000
8474500
60
298000
5659000
5957000
65
499500
3879000
4378500
70
978500
2322500
3301000
75
2260500
1042500
3303000
80
4189500
9500
4199000
85
6537000
0
6537000
90
10050000
0
10050000
95
13598000
0
13598000
100
17152000
0
17152000
105
21238500
0
21238500
110
25325500
0
25325500
115
29413500
0
29413500
120
33503000
0
33503000
125
37594000
0
37594000
130
41685500
0
41685500
135
45777500
0
45777500
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.