This page reflects NTAP 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 — NTAP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (24.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$11.70
±7.6%
Days to Expiry
15
Calendar days
Total Call OI
5,405
Nearest expiry
Total Put OI
1,922
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$154.17
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
$105.00
5/15/2026, 11:27:53 PM
2026-06-18
$125.00
6/18/2026, 11:24:08 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:17:54 PM
2026-08-21
$165.00
7/3/2026, 11:17:54 PM
2026-09-18
$135.00
7/3/2026, 11:17:54 PM
2026-12-18
$150.00
7/3/2026, 11:17:54 PM
2027-01-15
$125.00
7/3/2026, 11:17:54 PM
2027-03-19
$120.00
7/3/2026, 11:17:54 PM
2027-06-17
$120.00
7/3/2026, 11:17:54 PM
Selected expiration: 2026-07-17 at max pain $130.00.
NTAP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
18372500
18372500
60
0
17412000
17412000
65
1000
16451500
16452500
75
3000
14534500
14537500
85
6000
12644500
12650500
90
7500
11714500
11722000
95
9500
10810500
10820000
100
15000
9911000
9926000
105
22500
9016000
9038500
110
35000
8126000
8161000
115
87000
7270500
7357500
120
183500
6431000
6614500
125
335500
5620500
5956000
130
1072500
4827000
5899500
135
1872000
4045500
5917500
140
2703000
3295500
5998500
145
3659500
2580500
6240000
150
4693500
1893000
6586500
155
5896000
1308500
7204500
160
7215500
884000
8099500
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.