This page reflects NLOP 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 — NLOP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.75 (0.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.75
Nearest expiry
Expected Move
±$0.95
±8.5%
Days to Expiry
15
Calendar days
Total Call OI
2,741
Nearest expiry
Total Put OI
832
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$11.16
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
2026-04-17
$15.95
4/17/2026, 11:20:26 PM
2026-05-15
$6.70
5/15/2026, 11:26:53 PM
2026-07-17NextUpdated
$10.75
7/3/2026, 11:24:11 PM
2026-10-16
$9.20
7/3/2026, 11:24:11 PM
Selected expiration: 2026-07-17 at max pain $10.75.
NLOP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
0.75
0
998295
998295
1.55
0
931815
931815
5.75
0
582795
582795
7.45
0
474845
474845
9.05
0
373245
373245
10.75
0
298615
298615
12.45
127670
230105
357775
14.05
262070
165625
427695
14.2
286775
159820
446595
15.75
547485
99835
647320
15.8
556335
97900
654235
17.5
857235
65260
922495
19.05
1134375
40150
1174525
20.75
1461455
12610
1474065
20.8
1471075
11800
1482875
20.9
1495485
10200
1505685
22.5
1886045
6680
1892725
24.05
2271530
3270
2274800
25
2507795
1180
2508975
25.8
2706755
860
2707615
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.