This page reflects NKTR 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 — NKTR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (15.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$9.35
±13.5%
Days to Expiry
29
Calendar days
Total Call OI
3,146
Nearest expiry
Total Put OI
8,592
Nearest expiry
P/C OI Ratio
2.73
Put-heavy
Spot Price
$69.49
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
$70.00
4/17/2026, 11:21:54 PM
2026-05-15
$70.00
5/15/2026, 11:24:11 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:22:24 PM
2026-07-17
$85.00
5/20/2026, 11:22:24 PM
2026-08-21
$70.00
5/20/2026, 11:22:24 PM
2026-11-20
$75.00
5/20/2026, 11:22:24 PM
2027-01-15
$65.00
5/20/2026, 11:22:24 PM
Selected expiration: 2026-06-18 at max pain $85.00.
NKTR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
26710500
26710500
50
0
22568000
22568000
55
5000
18684500
18689500
60
11000
14905000
14916000
65
34000
11243000
11277000
70
70000
7844000
7914000
75
355000
4770000
5125000
80
694000
2893000
3587000
85
1308000
1145000
2453000
90
2051500
811000
2862500
95
2936000
513000
3449000
100
3879500
241500
4121000
105
4967000
1500
4968500
110
6163000
500
6163500
115
7659500
0
7659500
120
9164500
0
9164500
125
10713000
0
10713000
130
12264000
0
12264000
140
15400000
0
15400000
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.