This page reflects NTES options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — NTES
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (5.60 above 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
±$7.38
±5.9%
Days to Expiry
4
Calendar days
Total Call OI
2,534
Nearest expiry
Total Put OI
892
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$124.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$125.00
6/18/2026, 11:25:20 PM
2026-07-17
$130.00
7/17/2026, 11:29:58 PM
2026-08-21NextUpdated
$130.00
8/17/2026, 11:31:30 PM
2026-09-18
$135.00
8/17/2026, 11:31:30 PM
2026-12-18
$125.00
8/17/2026, 11:31:30 PM
2027-01-15
$100.00
8/17/2026, 11:31:30 PM
2027-03-19
$120.00
8/17/2026, 11:31:30 PM
2027-06-17
$75.00
8/17/2026, 11:31:30 PM
Selected expiration: 2026-08-21 at max pain $130.00.
NTES pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
2690500
2690500
95
0
2245500
2245500
100
0
1803000
1803000
105
500
1383000
1383500
110
1500
979000
980500
115
3500
599000
602500
120
7000
267000
274000
125
24500
114000
138500
130
78000
18000
96000
135
574500
1000
575500
140
1163000
500
1163500
145
1926500
0
1926500
150
2926500
0
2926500
155
4010000
0
4010000
160
5219000
0
5219000
165
6447000
0
6447000
170
7695000
0
7695000
175
8957500
0
8957500
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.