This page reflects NTES 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 — NTES
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (2.76 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
±$7.75
±6.1%
Days to Expiry
15
Calendar days
Total Call OI
3,640
Nearest expiry
Total Put OI
2,510
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$127.24
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
$115.00
5/15/2026, 11:25:56 PM
2026-06-18
$125.00
6/18/2026, 11:25:20 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:23:04 PM
2026-08-21
$115.00
7/3/2026, 11:23:04 PM
2026-09-18
$135.00
7/3/2026, 11:23:04 PM
2026-12-18
$120.00
7/3/2026, 11:23:04 PM
2027-01-15
$100.00
7/3/2026, 11:23:04 PM
2027-03-19
$120.00
7/3/2026, 11:23:04 PM
2027-06-17
$105.00
7/3/2026, 11:23:04 PM
Selected expiration: 2026-07-17 at max pain $130.00.
NTES pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
12549000
12549000
70
0
11294500
11294500
80
0
8785500
8785500
90
0
6276500
6276500
95
0
5027000
5027000
100
0
3778000
3778000
105
500
2945000
2945500
110
1000
2128500
2129500
115
6000
1335500
1341500
120
103500
702500
806000
125
252000
313500
565500
130
509500
4000
513500
135
1001500
2000
1003500
140
2687500
1000
2688500
145
4452000
0
4452000
150
6236000
0
6236000
155
8040000
0
8040000
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.