This page reflects NOVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — NOVT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $140.00 (9.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$5.15
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
51
Nearest expiry
Total Put OI
23
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$149.27
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$145.00
8/21/2026, 11:23:30 PM
2026-09-18
$135.00
9/18/2026, 11:23:10 PM
2026-10-16NextUpdated
$140.00
10/2/2026, 11:24:00 PM
2026-11-20
$135.00
10/2/2026, 11:24:00 PM
2027-02-19
$140.00
10/2/2026, 11:24:00 PM
2027-03-19
$110.00
10/2/2026, 11:24:00 PM
2027-09-17
$115.00
10/2/2026, 11:24:00 PM
Selected expiration: 2026-10-16 at max pain $140.00.
NOVT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
43500
43500
120
0
33500
33500
125
0
24000
24000
130
0
15000
15000
135
500
6000
6500
140
1000
0
1000
145
5500
0
5500
150
12000
0
12000
155
22000
0
22000
160
34000
0
34000
165
53500
0
53500
180
113500
0
113500
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.