This page reflects NTGR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NTGR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $25.00 (0.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.97
±12.2%
Days to Expiry
29
Calendar days
Total Call OI
7,046
Nearest expiry
Total Put OI
6,356
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$24.48
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
$23.00
4/17/2026, 11:26:54 PM
2026-05-15
$24.00
5/15/2026, 11:26:45 PM
2026-06-18NextUpdated
$25.00
5/20/2026, 11:24:56 PM
2026-07-17
$23.00
5/20/2026, 11:24:56 PM
2026-09-18
$20.00
5/20/2026, 11:24:56 PM
2026-12-18
$20.00
5/20/2026, 11:24:56 PM
Selected expiration: 2026-06-18 at max pain $25.00.
NTGR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
5662700
5662700
17
0
4392300
4392300
18
0
3766500
3766500
19
100
3147400
3147500
20
300
2529700
2530000
21
700
2023600
2024300
22
1100
1518200
1519300
23
1500
1013300
1014800
24
3900
509500
513400
25
6700
5800
12500
26
91100
3800
94900
27
282600
2300
284900
28
512800
1900
514700
29
745500
1700
747200
30
979500
1500
981000
31
1477000
1300
1478300
32
1974700
1100
1975800
33
2472400
900
2473300
34
2970500
700
2971200
35
3469900
500
3470400
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.