This page reflects NTGR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NTGR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (1.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.55
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
257
Nearest expiry
Total Put OI
1,286
Nearest expiry
P/C OI Ratio
5.00
Put-heavy
Spot Price
$22.12
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
$25.00
6/18/2026, 11:25:37 PM
2026-07-17
$23.00
7/17/2026, 11:24:31 PM
2026-08-21NextUpdated
$24.00
8/18/2026, 11:30:27 PM
2026-09-18
$23.00
8/18/2026, 11:30:27 PM
2026-12-18
$23.00
8/18/2026, 11:30:27 PM
2027-03-19
$26.00
8/18/2026, 11:30:27 PM
Selected expiration: 2026-08-21 at max pain $24.00.
NTGR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
332500
332500
19
0
204400
204400
20
0
76400
76400
21
0
50600
50600
22
0
25000
25000
23
0
13500
13500
24
300
2100
2400
25
6900
700
7600
26
16500
0
16500
27
38900
0
38900
28
62200
0
62200
29
87300
0
87300
30
112700
0
112700
32
163900
0
163900
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.