This page reflects NTES options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — NTES
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $125.00 (10.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$11.85
±10.3%
Days to Expiry
30
Calendar days
Total Call OI
3,631
Nearest expiry
Total Put OI
3,342
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$114.49
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$115.00
4/17/2026, 11:22:53 PM
2026-05-15
$115.00
5/15/2026, 11:25:56 PM
2026-06-18NextUpdated
$125.00
5/19/2026, 11:22:17 PM
2026-07-17
$115.00
5/19/2026, 11:22:17 PM
2026-09-18
$135.00
5/19/2026, 11:22:17 PM
2026-12-18
$115.00
5/19/2026, 11:22:17 PM
2027-01-15
$100.00
5/19/2026, 11:22:17 PM
2027-03-19
$105.00
5/19/2026, 11:22:17 PM
Selected expiration: 2026-06-18 at max pain $125.00.
NTES pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
21768000
21768000
55
500
20100500
20101000
65
1500
16767500
16769000
75
3500
13434500
13438000
80
5000
11769000
11774000
85
8000
10109500
10117500
90
11000
8459500
8470500
95
14000
6849000
6863000
100
17000
5255000
5272000
105
24500
4037500
4062000
110
39500
2925000
2964500
115
81000
2110500
2191500
120
208000
1429000
1637000
125
638000
800000
1438000
130
1395500
305000
1700500
135
2489500
168000
2657500
140
3657000
98500
3755500
145
5036500
69500
5106000
150
6466500
50500
6517000
155
7983500
35500
8019000
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.