This page reflects NOVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NOVT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $145.00 (12.11 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
±$6.80
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
353
Nearest expiry
Total Put OI
676
Nearest expiry
P/C OI Ratio
1.92
Put-heavy
Spot Price
$157.11
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
$160.00
6/18/2026, 11:22:47 PM
2026-07-17
$150.00
7/17/2026, 11:24:57 PM
2026-08-21NextUpdated
$145.00
8/18/2026, 11:24:06 PM
2026-09-18
$155.00
8/18/2026, 11:24:06 PM
2026-11-20
$130.00
8/18/2026, 11:24:06 PM
2027-02-19
$155.00
8/18/2026, 11:24:06 PM
Selected expiration: 2026-08-21 at max pain $145.00.
NOVT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
5477500
5477500
60
0
5139500
5139500
65
0
4802000
4802000
70
0
4466000
4466000
75
0
4135000
4135000
80
0
3810000
3810000
85
0
3485000
3485000
90
4000
3162500
3166500
95
8000
2840000
2848000
100
12000
2523000
2535000
105
16500
2211000
2227500
110
21000
1904000
1925000
115
27000
1603000
1630000
120
33000
1307500
1340500
125
39500
1028000
1067500
130
51000
767500
818500
135
79000
514500
593500
140
116000
274000
390000
145
177000
40000
217000
150
241000
24500
265500
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.