thetaOwl

NRP

Natural Resource Partners LP LiClose $109.50EOD only
Max Pain
$105.00
Next expiry Oct 16, 2026
Expected Move
±$5.43
5.0% from close
Price Gap
-4.50
Distance to max pain
IV Rank
13
Low premium
P/C OI
7.73
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects NRP 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 — NRP
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-16 shows max pain at $105.00 (4.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$5.43
±5.0%
Days to Expiry
14
Calendar days
Total Call OI
398
Nearest expiry
Total Put OI
375
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$109.50
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$105.008/21/2026, 11:24:29 PM
2026-09-18$105.009/18/2026, 11:24:32 PM
2026-10-16NextUpdated$105.0010/2/2026, 11:20:12 PM
2026-12-18$105.0010/2/2026, 11:20:12 PM
2027-01-15$110.0010/2/2026, 11:20:12 PM
2027-04-16$110.0010/2/2026, 11:20:12 PM
Selected expiration: 2026-10-16 at max pain $105.00.
NRP pain by strike for 2026-10-16 expiration
StrikeCall PainPut PainTotal Pain
65013785001378500
70150011910001192500
75400010060001010000
806500821500828000
859000637500646500
9014000478500492500
9521000349000370000
10028000254500282500
10535000160000195000
11013350098000231500
11525250047500300000
12038500030000415000
12552450022500547000
13067050015000685500
1358380007500845500
140100650001006500
145117750001177500
150134950001349500
155154700001547000
160174550001745500
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.