This page reflects NKTR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NKTR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (3.64 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
±$3.62
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
12,048
Nearest expiry
Total Put OI
4,535
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$73.64
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$60.00
6/18/2026, 11:24:21 PM
2026-07-17
$70.00
7/17/2026, 11:26:30 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:24:06 PM
2026-09-18
$70.00
8/18/2026, 11:24:06 PM
2026-11-20
$65.00
8/18/2026, 11:24:06 PM
2027-01-15
$55.00
8/18/2026, 11:24:06 PM
2027-02-19
$65.00
8/18/2026, 11:24:06 PM
2027-03-19
$60.00
8/18/2026, 11:24:06 PM
2027-04-16
$70.00
8/18/2026, 11:24:06 PM
Selected expiration: 2026-08-21 at max pain $70.00.
NKTR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
19052600
19052600
25
29000
16786100
16815100
30
58000
14521600
14579600
35
87000
12257100
12344100
37
101200
11351300
11452500
39
116800
10445500
10562300
40
125100
9992600
10117700
41
153600
9542000
9695600
42
182100
9092400
9274500
43
211600
8643000
8854600
44
242200
8193600
8435800
45
274100
7744200
8018300
46
306000
7301400
7607400
47
339100
6858700
7197800
48
372400
6419500
6791900
49
405900
5980400
6386300
50
439500
5541500
5981000
55
647500
3579500
4227000
60
863000
1695500
2558500
65
1195000
808500
2003500
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.