This page reflects NNE 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 — NNE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $23.00 (2.97 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$2.23
±11.1%
Days to Expiry
8
Calendar days
Total Call OI
4,241
Nearest expiry
Total Put OI
3,696
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$20.03
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
$25.50
6/26/2026, 11:21:37 PM
2026-07-02
$22.50
7/2/2026, 11:24:46 PM
2026-07-10NextUpdated
$23.00
7/3/2026, 11:23:03 PM
2026-07-17
$25.00
7/3/2026, 11:23:03 PM
2026-07-24
$24.00
7/3/2026, 11:23:03 PM
2026-07-31
$24.00
7/3/2026, 11:23:03 PM
2026-08-07
$21.00
7/3/2026, 11:23:03 PM
2026-08-21
$22.00
7/3/2026, 11:23:03 PM
2026-10-16
$25.00
7/3/2026, 11:23:03 PM
2027-01-15
$27.00
7/3/2026, 11:23:03 PM
Selected expiration: 2026-07-10 at max pain $23.00.
NNE pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
3612400
3612400
14
0
2503600
2503600
15
100
2134400
2134500
16
200
1766100
1766300
16.5
250
1582450
1582700
17
300
1405200
1405500
17.5
350
1229550
1229900
18
400
1067550
1067950
18.5
450
909600
910050
19
500
765950
766450
19.5
1600
635650
637250
20
2750
508900
511650
20.5
5800
433050
438850
21
10050
358700
368750
21.5
28200
295500
323700
22
47450
239150
286600
22.5
73550
192450
266000
23
104300
154900
259200
23.5
138800
126450
265250
24
177550
102400
279950
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.