This page reflects NOVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NOVT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $145.00 (8.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$8.30
±5.4%
Days to Expiry
29
Calendar days
Total Call OI
564
Nearest expiry
Total Put OI
854
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$153.60
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$115.00
4/17/2026, 11:26:42 PM
2026-05-15
$120.00
5/15/2026, 11:30:26 PM
2026-06-18NextUpdated
$145.00
5/20/2026, 11:23:51 PM
2026-07-17
$140.00
5/20/2026, 11:23:51 PM
2026-08-21
$125.00
5/20/2026, 11:23:51 PM
2026-09-18
$165.00
5/20/2026, 11:23:51 PM
2026-11-20
$130.00
5/20/2026, 11:23:51 PM
Selected expiration: 2026-06-18 at max pain $145.00.
NOVT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
5262500
5262500
95
0
3983000
3983000
115
0
2279000
2279000
120
0
1853000
1853000
125
0
1427000
1427000
130
500
1008500
1009000
135
1500
683000
684500
140
228500
359500
588000
145
460500
37000
497500
150
692500
18000
710500
155
924500
9000
933500
160
1161500
0
1161500
165
1419500
0
1419500
175
1974500
0
1974500
180
2255000
0
2255000
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.