Annaly Capital Management Inc.Close $18.27EOD only
Max Pain
$19.00
Next expiry Oct 9, 2026
Expected Move
±$0.46
2.5% from close
Price Gap
+0.73
Distance to max pain
IV Rank
68
High premium
P/C OI
1.31
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 5, 2026 close
End-of-day snapshot
This page reflects NLY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — NLY
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-09 shows max pain at $19.00 (0.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$0.46
±2.5%
Days to Expiry
4
Calendar days
Total Call OI
4,413
Nearest expiry
Total Put OI
2,236
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$18.27
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$21.00
9/25/2026, 11:21:18 PM
2026-10-02
$18.50
10/2/2026, 11:19:19 PM
2026-10-09NextUpdated
$19.00
10/5/2026, 11:22:42 PM
2026-10-16
$21.00
10/5/2026, 11:22:42 PM
2026-10-23
$20.00
10/5/2026, 11:22:42 PM
2026-10-30
$20.50
10/5/2026, 11:22:42 PM
2026-11-06
$19.50
10/5/2026, 11:22:42 PM
2026-11-13
$19.50
10/5/2026, 11:22:42 PM
2026-11-20
$21.00
10/5/2026, 11:22:42 PM
2026-12-18
$19.00
10/5/2026, 11:22:42 PM
2027-01-15
$22.00
10/5/2026, 11:22:42 PM
2027-04-16
$21.00
10/5/2026, 11:22:42 PM
Selected expiration: 2026-10-09 at max pain $19.00.
NLY pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
1030350
1030350
15
0
806750
806750
16
0
583450
583450
17
100
360250
360350
17.5
550
249950
250500
18
1550
140500
142050
18.5
3100
70900
74000
19
8700
23150
31850
19.5
122900
4100
127000
20
276850
750
277600
20.5
434600
300
434900
21
593100
200
593300
21.5
773350
100
773450
22
958850
0
958850
22.5
1157700
0
1157700
23
1363900
0
1363900
23.5
1572300
0
1572300
24
1785150
0
1785150
24.5
2000750
0
2000750
25
2221400
0
2221400
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.