This page reflects NTLA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — NTLA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $12.00 (0.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.52
±12.4%
Days to Expiry
14
Calendar days
Total Call OI
11,522
Nearest expiry
Total Put OI
5,293
Nearest expiry
P/C OI Ratio
0.46
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: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$11.00
8/21/2026, 11:20:56 PM
2026-09-18
$12.00
9/18/2026, 11:23:14 PM
2026-10-16NextUpdated
$12.00
10/2/2026, 11:24:13 PM
2026-11-20
$14.00
10/2/2026, 11:24:13 PM
2027-01-15
$11.00
10/2/2026, 11:24:13 PM
2027-04-16
$12.00
10/2/2026, 11:24:13 PM
Selected expiration: 2026-10-16 at max pain $12.00.
NTLA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
5805000
5805000
2
57600
5275700
5333300
4
172800
4217100
4389900
5
230500
3687800
3918300
6
288200
3158500
3446700
7
345900
2629200
2975100
8
403700
2100500
2504200
9
465200
1576900
2042100
10
527300
1071100
1598400
11
640900
633700
1274600
12
794200
320100
1114300
13
1097000
194100
1291100
14
1594000
125700
1719700
15
2208000
81600
2289600
16
2982800
59000
3041800
17
3854200
37300
3891500
18
4897800
19200
4917000
19
5956300
17300
5973600
20
7021500
15400
7036900
21
8134700
13500
8148200
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.