This page reflects NRG 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 — NRG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $103.00 (7.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$103.00
Nearest expiry
Expected Move
±$2.23
±2.3%
Days to Expiry
7
Calendar days
Total Call OI
881
Nearest expiry
Total Put OI
601
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$95.23
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$102.00
9/25/2026, 11:26:41 PM
2026-10-02Updated
$98.00
10/2/2026, 11:20:04 PM
2026-10-09Next
$103.00
10/2/2026, 11:20:04 PM
2026-10-16
$105.00
10/2/2026, 11:20:04 PM
2026-10-23
$107.00
10/2/2026, 11:20:04 PM
2026-10-30
$103.00
10/2/2026, 11:20:04 PM
2026-11-06
$95.00
10/2/2026, 11:20:04 PM
2026-11-20
$100.00
10/2/2026, 11:20:04 PM
2026-12-18
$110.00
10/2/2026, 11:20:04 PM
2027-01-15
$120.00
10/2/2026, 11:20:04 PM
2027-03-19
$140.00
10/2/2026, 11:20:04 PM
2027-06-17
$125.00
10/2/2026, 11:20:04 PM
2027-09-17
$110.00
10/2/2026, 11:20:04 PM
Selected expiration: 2026-10-09 at max pain $103.00.
NRG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
1013400
1013400
85
0
713900
713900
90
0
416400
416400
92
0
303000
303000
93
0
252800
252800
94
0
205000
205000
95
0
158500
158500
96
0
136700
136700
97
0
117800
117800
98
900
99700
100600
99
1800
83100
84900
100
2900
68300
71200
101
4000
54600
58600
102
6100
43800
49900
103
15700
33700
49400
104
36400
25400
61800
105
61700
19300
81000
106
100200
14200
114400
107
142800
9900
152700
108
196000
6200
202200
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.