This page reflects NRIX 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 — NRIX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $24.00 (1.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$3.05
±13.3%
Days to Expiry
14
Calendar days
Total Call OI
1,053
Nearest expiry
Total Put OI
812
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$22.99
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$25.00
8/21/2026, 11:24:30 PM
2026-09-18
$25.00
9/18/2026, 11:26:18 PM
2026-10-16NextUpdated
$24.00
10/2/2026, 11:22:46 PM
2026-11-20
$24.00
10/2/2026, 11:22:46 PM
2027-01-15
$21.00
10/2/2026, 11:22:46 PM
2027-04-16
$27.00
10/2/2026, 11:22:46 PM
Selected expiration: 2026-10-16 at max pain $24.00.
NRIX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1473400
1473400
8
6000
1229800
1235800
9
8100
1148600
1156700
10
10200
1067400
1077600
13
16500
823800
840300
14
18900
742700
761600
15
21700
661600
683300
16
41400
581200
622600
17
71600
521100
592700
18
104000
461000
565000
19
136400
406000
542400
20
168900
351000
519900
22
238700
241400
480100
23
276600
186900
463500
24
325600
134300
459900
25
385100
87600
472700
26
459200
47000
506200
27
542200
19400
561600
28
633400
10800
644200
29
724600
2200
726800
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.