This page reflects NTLA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — NTLA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.00 (5.56 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
±$2.62
±14.9%
Days to Expiry
15
Calendar days
Total Call OI
24,908
Nearest expiry
Total Put OI
7,441
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$17.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$13.00
5/15/2026, 11:27:06 PM
2026-06-18
$13.00
6/18/2026, 11:29:40 PM
2026-07-17NextUpdated
$12.00
7/3/2026, 11:19:52 PM
2026-08-21
$16.00
7/3/2026, 11:19:52 PM
2026-09-18
$13.00
7/3/2026, 11:19:52 PM
2026-10-16
$8.00
7/3/2026, 11:19:52 PM
2027-01-15
$10.00
7/3/2026, 11:19:52 PM
Selected expiration: 2026-07-17 at max pain $12.00.
NTLA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
8652000
8652000
2
1600
7909300
7910900
3
3600
7167600
7171200
4
5700
6426300
6432000
5
8700
5685600
5694300
6
12600
4946300
4958900
7
19400
4212900
4232300
8
28200
3503400
3531600
9
37800
2798200
2836000
10
54100
2137800
2191900
11
174600
1532300
1706900
12
366200
1003500
1369700
13
841200
604900
1446100
14
1486200
306300
1792500
15
2528000
136500
2664500
16
3820000
80400
3900400
17
5269100
46800
5315900
18
6921200
33900
6955100
19
8851200
23000
8874200
20
10986300
12100
10998400
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.