This page reflects NTLA 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 — NTLA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $11.00 (0.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.75
±6.5%
Days to Expiry
3
Calendar days
Total Call OI
9,754
Nearest expiry
Total Put OI
3,476
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$11.60
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
$13.00
6/18/2026, 11:29:40 PM
2026-07-17
$12.00
7/17/2026, 11:27:00 PM
2026-08-21NextUpdated
$11.00
8/18/2026, 11:30:41 PM
2026-09-18
$12.00
8/18/2026, 11:30:41 PM
2026-10-16
$12.00
8/18/2026, 11:30:41 PM
2027-01-15
$10.00
8/18/2026, 11:30:41 PM
Selected expiration: 2026-08-21 at max pain $11.00.
NTLA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
1665800
1665800
7
600
1318200
1318800
8
1500
978300
979800
9
2600
656800
659400
10
4200
437400
441600
11
116700
252800
369500
12
329200
143800
473000
13
707100
73500
780600
14
1324600
22800
1347400
15
2044600
9400
2054000
16
2829500
2900
2832400
17
3715400
2000
3717400
18
4610000
1400
4611400
19
5529500
1100
5530600
20
6457000
1000
6458000
21
7408700
900
7409600
22
8361700
800
8362500
23
9319100
700
9319800
25
11238300
500
11238800
30
16112800
0
16112800
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.