thetaOwl

NOVT

Novanta Inc.Close $149.27EOD only
Max Pain
$140.00
Next expiry Oct 16, 2026
Expected Move
±$5.15
3.5% from close
Price Gap
-9.27
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
6.52
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

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
ExpirationMax Pain StrikeLast Updated
2026-08-21$145.008/21/2026, 11:23:30 PM
2026-09-18$135.009/18/2026, 11:23:10 PM
2026-10-16NextUpdated$140.0010/2/2026, 11:24:00 PM
2026-11-20$135.0010/2/2026, 11:24:00 PM
2027-02-19$140.0010/2/2026, 11:24:00 PM
2027-03-19$110.0010/2/2026, 11:24:00 PM
2027-09-17$115.0010/2/2026, 11:24:00 PM
Selected expiration: 2026-10-16 at max pain $140.00.
NOVT pain by strike for 2026-10-16 expiration
StrikeCall PainPut PainTotal Pain
11504350043500
12003350033500
12502400024000
13001500015000
13550060006500
140100001000
145550005500
15012000012000
15522000022000
16034000034000
16553500053500
1801135000113500
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.