Nearest listed expiration 2026-07-10 shows max pain at $13.00 (0.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.97
±8.0%
Days to Expiry
8
Calendar days
Total Call OI
43,634
Nearest expiry
Total Put OI
31,203
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$12.07
Published close
Consensus
7.0/10
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
$14.00
6/26/2026, 11:21:59 PM
2026-07-02
$13.00
7/2/2026, 11:23:55 PM
2026-07-10NextUpdated
$13.00
7/3/2026, 11:20:52 PM
2026-07-17
$13.00
7/3/2026, 11:20:52 PM
2026-07-24
$12.50
7/3/2026, 11:20:52 PM
2026-07-31
$13.00
7/3/2026, 11:20:52 PM
2026-08-07
$13.00
7/3/2026, 11:20:52 PM
2026-08-21
$14.00
7/3/2026, 11:20:52 PM
2026-09-18
$12.00
7/3/2026, 11:20:52 PM
2026-10-16
$13.00
7/3/2026, 11:20:52 PM
2026-11-20
$13.00
7/3/2026, 11:20:52 PM
2026-12-18
$12.00
7/3/2026, 11:20:52 PM
2027-01-15
$10.00
7/3/2026, 11:20:52 PM
2027-03-19
$11.00
7/3/2026, 11:20:52 PM
2027-06-17
$12.00
7/3/2026, 11:20:52 PM
Selected expiration: 2026-07-10 at max pain $13.00.
NOK pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
34487550
34487550
2
28000
31367250
31395250
3
66100
28263650
28329750
4
104600
25180250
25284850
5
143500
22109150
22252650
6
182700
19044150
19226850
7
222200
15994550
16216750
8
261900
12948350
13210250
9
301800
9914050
10215850
9.5
321800
8648350
8970150
10
341800
7382650
7724450
10.5
366600
6119900
6486500
11
393550
4937200
5330750
11.5
423800
3781250
4205050
12
475800
2701200
3177000
12.5
539800
1760850
2300650
13
678150
997900
1676050
13.5
1040550
707350
1747900
14
1546550
499500
2046050
14.5
2284700
351700
2636400
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.