This page reflects NNE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — NNE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $17.50 (1.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.05
±6.7%
Days to Expiry
7
Calendar days
Total Call OI
5,646
Nearest expiry
Total Put OI
2,184
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$15.62
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
$17.00
9/25/2026, 11:20:41 PM
2026-10-02Updated
$16.50
10/2/2026, 11:22:05 PM
2026-10-09Next
$17.50
10/2/2026, 11:22:05 PM
2026-10-16
$19.00
10/2/2026, 11:22:05 PM
2026-10-23
$17.50
10/2/2026, 11:22:05 PM
2026-10-30
$17.00
10/2/2026, 11:22:05 PM
2026-11-06
$18.50
10/2/2026, 11:22:05 PM
2026-11-20
$17.00
10/2/2026, 11:22:05 PM
2027-01-15
$26.00
10/2/2026, 11:22:05 PM
2027-04-16
$14.00
10/2/2026, 11:22:05 PM
Selected expiration: 2026-10-09 at max pain $17.50.
NNE pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
2412800
2412800
7
200
1976000
1976200
8
400
1757600
1758000
9
700
1539200
1539900
11
1300
1102400
1103700
12
1600
886200
887800
13
1900
670300
672200
13.5
2200
563050
565250
14
2650
458550
461200
14.5
3200
357250
360450
15
4000
266500
270500
15.5
8200
189750
197950
16
13400
132100
145500
16.5
24400
90450
114850
17
43450
58550
102000
17.5
73550
37450
111000
18
111550
29100
140650
18.5
157000
24050
181050
19
205050
19500
224550
19.5
269800
15400
285200
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.