This page reflects NRGV 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 — NRGV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $4.00 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.85
±21.0%
Days to Expiry
15
Calendar days
Total Call OI
26,754
Nearest expiry
Total Put OI
2,165
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$4.04
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
$4.00
5/15/2026, 11:25:15 PM
2026-06-18
$4.00
6/18/2026, 11:25:07 PM
2026-07-17NextUpdated
$4.00
7/3/2026, 11:21:19 PM
2026-08-21
$3.00
7/3/2026, 11:21:19 PM
2026-11-20
$5.00
7/3/2026, 11:21:19 PM
2027-01-15
$4.00
7/3/2026, 11:21:19 PM
2027-02-19
$4.00
7/3/2026, 11:21:19 PM
Selected expiration: 2026-07-17 at max pain $4.00.
NRGV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
654000
654000
2
1600
437600
439200
3
5600
221800
227400
4
18700
61500
80200
5
170700
21200
191900
6
1454800
5200
1460000
7
2961300
1900
2963200
8
5024100
1400
5025500
9
7661400
900
7662300
10
10334100
600
10334700
11
13007200
300
13007500
12
15680500
0
15680500
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.