This page reflects NRG 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 — NRG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $136.00 (0.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$136.00
Nearest expiry
Expected Move
±$7.67
±5.6%
Days to Expiry
8
Calendar days
Total Call OI
645
Nearest expiry
Total Put OI
252
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$136.70
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$125.00
6/26/2026, 11:21:42 PM
2026-07-02
$135.00
7/2/2026, 11:25:01 PM
2026-07-10NextUpdated
$136.00
7/3/2026, 11:20:35 PM
2026-07-17
$135.00
7/3/2026, 11:20:35 PM
2026-07-24
$135.00
7/3/2026, 11:20:35 PM
2026-07-31
$135.00
7/3/2026, 11:20:35 PM
2026-08-07
$133.00
7/3/2026, 11:20:35 PM
2026-08-21
$140.00
7/3/2026, 11:20:35 PM
2026-09-18
$150.00
7/3/2026, 11:20:35 PM
2026-12-18
$135.00
7/3/2026, 11:20:35 PM
2027-01-15
$140.00
7/3/2026, 11:20:35 PM
2027-03-19
$145.00
7/3/2026, 11:20:35 PM
2027-06-17
$140.00
7/3/2026, 11:20:35 PM
Selected expiration: 2026-07-10 at max pain $136.00.
NRG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
658000
658000
105
0
533000
533000
110
0
410500
410500
115
0
290000
290000
116
0
266700
266700
117
0
243400
243400
119
0
206600
206600
120
0
189400
189400
121
200
175600
175800
122
400
162500
162900
123
600
150100
150700
124
3400
138000
141400
125
6200
126300
132500
127
12800
103500
116300
128
16100
92300
108400
129
19800
81700
101500
130
23900
71300
95200
131
28100
62000
90100
132
32400
52800
85200
133
36800
43800
80600
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.