This page reflects NTES 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 — NTES
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $120.00 (2.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$6.60
±5.6%
Days to Expiry
14
Calendar days
Total Call OI
1,137
Nearest expiry
Total Put OI
687
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$117.21
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
$125.00
8/21/2026, 11:23:54 PM
2026-09-18
$125.00
9/18/2026, 11:23:44 PM
2026-10-16NextUpdated
$120.00
10/2/2026, 11:24:16 PM
2026-11-20
$120.00
10/2/2026, 11:24:16 PM
2026-12-18
$125.00
10/2/2026, 11:24:16 PM
2027-01-15
$110.00
10/2/2026, 11:24:16 PM
2027-03-19
$120.00
10/2/2026, 11:24:16 PM
2027-06-17
$115.00
10/2/2026, 11:24:16 PM
2027-09-17
$120.00
10/2/2026, 11:24:16 PM
Selected expiration: 2026-10-16 at max pain $120.00.
NTES pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
2955500
2955500
90
0
1860500
1860500
95
0
1496000
1496000
100
0
1134000
1134000
105
500
784500
785000
110
1000
442500
443500
115
4500
206000
210500
120
10500
31500
42000
125
244500
2000
246500
130
712000
0
712000
135
1252500
0
1252500
140
1800000
0
1800000
145
2357500
0
2357500
150
2915500
0
2915500
155
3482500
0
3482500
160
4050500
0
4050500
170
5186500
0
5186500
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.