This page reflects NOG 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 — NOG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (2.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.17
±6.5%
Days to Expiry
15
Calendar days
Total Call OI
11,517
Nearest expiry
Total Put OI
1,512
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$17.95
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$24.00
5/15/2026, 11:26:20 PM
2026-06-18
$21.00
6/18/2026, 11:24:35 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:22:27 PM
2026-08-21
$18.00
7/3/2026, 11:22:27 PM
2026-09-18
$20.00
7/3/2026, 11:22:27 PM
2026-12-18
$20.00
7/3/2026, 11:22:27 PM
2027-01-15
$27.00
7/3/2026, 11:22:27 PM
Selected expiration: 2026-07-17 at max pain $20.00.
NOG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
835700
835700
14
0
684700
684700
15
0
533700
533700
16
200
388400
388600
17
500
245200
245700
18
3000
119900
122900
19
13400
51400
64800
20
33900
19000
52900
21
146700
7600
154300
22
332700
4200
336900
23
646500
1900
648400
24
1331600
0
1331600
25
2078600
0
2078600
26
2848600
0
2848600
27
3628100
0
3628100
28
4769000
0
4769000
29
5917400
0
5917400
30
7067000
0
7067000
31
8218400
0
8218400
32
9369900
0
9369900
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.