This page reflects NOG 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 — NOG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $24.00 (0.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.68
±7.0%
Days to Expiry
14
Calendar days
Total Call OI
6,963
Nearest expiry
Total Put OI
1,466
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$23.83
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$19.00
8/21/2026, 11:25:25 PM
2026-09-18
$21.00
9/18/2026, 11:24:59 PM
2026-10-16NextUpdated
$24.00
10/2/2026, 11:18:47 PM
2026-11-20
$24.00
10/2/2026, 11:18:47 PM
2026-12-18
$20.00
10/2/2026, 11:18:47 PM
2027-01-15
$24.00
10/2/2026, 11:18:47 PM
2027-03-19
$20.00
10/2/2026, 11:18:47 PM
Selected expiration: 2026-10-16 at max pain $24.00.
NOG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
1094000
1094000
17
0
947400
947400
18
0
800800
800800
19
600
654400
655000
20
1200
508100
509300
21
1800
365400
367200
22
3700
247100
250800
23
8800
151900
160700
24
37300
85200
122500
25
294000
33100
327100
26
633900
11200
645100
27
1201600
0
1201600
28
1826000
0
1826000
29
2470300
0
2470300
30
3137400
0
3137400
31
3829400
0
3829400
32
4524000
0
4524000
33
5219900
0
5219900
34
5915900
0
5915900
35
6612100
0
6612100
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.