This page reflects NOG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — NOG
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $19.00 (7.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$0.72
±2.8%
Days to Expiry
2
Calendar days
Total Call OI
13,980
Nearest expiry
Total Put OI
5,058
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$26.06
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$21.00
6/18/2026, 11:24:35 PM
2026-07-17
$19.00
7/17/2026, 11:28:59 PM
2026-08-21NextUpdated
$19.00
8/19/2026, 11:28:37 PM
2026-09-18
$20.00
8/19/2026, 11:28:37 PM
2026-12-18
$20.00
8/19/2026, 11:28:37 PM
2027-01-15
$27.00
8/19/2026, 11:28:37 PM
2027-03-19
$15.00
8/19/2026, 11:28:37 PM
Selected expiration: 2026-08-21 at max pain $19.00.
NOG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
4003400
4003400
13
800
3497900
3498700
14
2400
2992600
2995000
15
4100
2487600
2491700
16
6100
1985300
1991400
17
9300
1496500
1505800
18
15700
1029800
1045500
19
373900
607700
981600
20
758800
238500
997300
21
1251600
122700
1374300
22
1785200
72600
1857800
23
2464400
30400
2494800
24
3698200
11900
3710100
25
4987000
400
4987400
26
6341800
0
6341800
27
7724400
0
7724400
28
9121100
0
9121100
29
10518900
0
10518900
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.