This page reflects NTLA 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 — NTLA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $13.00 (0.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$2.27
±18.6%
Days to Expiry
29
Calendar days
Total Call OI
10,581
Nearest expiry
Total Put OI
3,741
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$12.26
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
$12.50
4/17/2026, 11:22:30 PM
2026-05-15
$13.00
5/15/2026, 11:27:06 PM
2026-06-18NextUpdated
$13.00
5/20/2026, 11:24:57 PM
2026-07-17
$12.00
5/20/2026, 11:24:57 PM
2026-09-18
$12.00
5/20/2026, 11:24:57 PM
2026-10-16
$1.00
5/20/2026, 11:24:57 PM
2027-01-15
$10.00
5/20/2026, 11:24:57 PM
Selected expiration: 2026-06-18 at max pain $13.00.
NTLA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
3553200
3553200
4
100
3179100
3179200
5
300
2805000
2805300
6
700
2430900
2431600
7
1700
2056800
2058500
8
2900
1682700
1685600
9
4500
1310100
1314600
10
6300
939000
945300
11
12500
608600
621100
12
29400
351700
381100
13
75100
222700
297800
14
283000
158900
441900
15
898600
122800
1021400
16
1615600
97600
1713200
17
2564400
73000
2637400
18
3529000
48600
3577600
19
4527500
24400
4551900
20
5553700
200
5553900
21
6603200
0
6603200
22
7655000
0
7655000
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.