Annaly Capital Management Inc.Close $22.56EOD only
Max Pain
$22.00
Next expiry Jul 10, 2026
Expected Move
±$0.52
2.3% from close
Price Gap
-0.56
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.95
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — NLY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $22.00 (0.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.52
±2.3%
Days to Expiry
8
Calendar days
Total Call OI
1,898
Nearest expiry
Total Put OI
1,028
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$22.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$22.00
6/26/2026, 11:23:16 PM
2026-07-02
$22.50
7/2/2026, 11:23:19 PM
2026-07-10NextUpdated
$22.00
7/3/2026, 11:20:50 PM
2026-07-17
$22.50
7/3/2026, 11:20:50 PM
2026-07-24
$22.50
7/3/2026, 11:20:50 PM
2026-07-31
$22.50
7/3/2026, 11:20:50 PM
2026-08-21
$22.00
7/3/2026, 11:20:50 PM
2026-09-18
$22.00
7/3/2026, 11:20:50 PM
2026-10-16
$22.00
7/3/2026, 11:20:50 PM
2027-01-15
$22.00
7/3/2026, 11:20:50 PM
Selected expiration: 2026-07-10 at max pain $22.00.
NLY pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
730300
730300
15
0
627500
627500
17
200
421900
422100
18.5
350
267850
268200
19
400
217200
217600
19.5
450
166800
167250
20
500
116700
117200
20.5
550
67400
67950
21
600
18400
19000
21.5
650
10100
10750
22
850
2350
3200
22.5
6100
0
6100
23
70450
0
70450
23.5
161350
0
161350
25
445150
0
445150
26
634950
0
634950
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.