Max Pain — NLY
Data as of market close Apr 2, 2026
NLY Max Pain Data
- Max Pain Strike
- $21.50
- Expected Move
- ±$0.61 (±2.9%)
- Days to Expiry
- 8
- Total Call OI
- 5,059
- Total Put OI
- 2,280
- Put/Call OI Ratio
- 0.45
- Spot Price
- $21.37
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $21.00 | 3/27/2026, 2:49:15 PM |
| 2026-04-02 | $21.50 | 4/1/2026, 8:17:15 PM |
| 2026-04-10 | $21.50 | 4/3/2026, 1:11:21 AM |
| 2026-04-17 | $22.00 | 4/3/2026, 1:11:21 AM |
| 2026-04-24 | $21.50 | 4/3/2026, 1:11:21 AM |
| 2026-05-01 | $21.00 | 4/3/2026, 1:11:21 AM |
| 2026-05-08 | $21.50 | 4/3/2026, 1:11:21 AM |
| 2026-05-15 | $22.00 | 4/3/2026, 1:11:21 AM |
| 2026-06-18 | $21.00 | 4/3/2026, 1:11:21 AM |
| 2026-07-17 | $23.00 | 4/3/2026, 1:11:21 AM |
| 2026-10-16 | $21.00 | 4/3/2026, 1:11:21 AM |
| 2027-01-15 | $22.00 | 4/3/2026, 1:11:21 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 18 | 0 | 743450 | 743450 |
| 18.5 | 0 | 630200 | 630200 |
| 19 | 0 | 517100 | 517100 |
| 19.5 | 0 | 406800 | 406800 |
| 20 | 0 | 299250 | 299250 |
| 20.5 | 0 | 196500 | 196500 |
| 21 | 300 | 104850 | 105150 |
| 21.5 | 80450 | 19050 | 99500 |
| 22 | 207950 | 9000 | 216950 |
| 22.5 | 404250 | 0 | 404250 |
| 23 | 605300 | 0 | 605300 |
| 23.5 | 809850 | 0 | 809850 |
| 24 | 1047700 | 0 | 1047700 |
| 24.5 | 1300600 | 0 | 1300600 |
View max pain levels for NLY options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.