This page reflects NOVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — NOVT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $150.00 (11.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$7.75
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
141
Nearest expiry
Total Put OI
520
Nearest expiry
P/C OI Ratio
3.69
Put-heavy
Spot Price
$161.72
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$120.00
5/15/2026, 11:30:26 PM
2026-06-18
$160.00
6/18/2026, 11:22:47 PM
2026-07-17NextUpdated
$150.00
7/3/2026, 11:19:43 PM
2026-08-21
$125.00
7/3/2026, 11:19:43 PM
2026-09-18
$155.00
7/3/2026, 11:19:43 PM
2026-11-20
$130.00
7/3/2026, 11:19:43 PM
2027-02-19
$155.00
7/3/2026, 11:19:43 PM
Selected expiration: 2026-07-17 at max pain $150.00.
NOVT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4135000
4135000
120
0
1540000
1540000
125
0
1281000
1281000
130
500
1023000
1023500
135
13000
766500
779500
140
27000
510500
537500
145
55000
256000
311000
150
84000
3000
87000
155
142500
0
142500
160
201500
0
201500
165
261000
0
261000
170
323500
0
323500
175
387500
0
387500
180
452500
0
452500
185
520000
0
520000
195
657000
0
657000
210
865500
0
865500
220
1005500
0
1005500
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.