This page reflects NTR 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 — NTR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $69.00 (1.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$69.00
Nearest expiry
Expected Move
±$1.48
±2.1%
Days to Expiry
2
Calendar days
Total Call OI
2,626
Nearest expiry
Total Put OI
14,492
Nearest expiry
P/C OI Ratio
5.52
Put-heavy
Spot Price
$70.11
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$71.00
5/8/2026, 11:23:58 PM
2026-05-15
$72.50
5/15/2026, 11:27:31 PM
2026-05-22NextUpdated
$69.00
5/20/2026, 11:23:13 PM
2026-05-29
$71.00
5/20/2026, 11:23:13 PM
2026-06-05
$72.00
5/20/2026, 11:23:13 PM
2026-06-12
$69.00
5/20/2026, 11:23:13 PM
2026-06-18
$72.50
5/20/2026, 11:23:13 PM
2026-06-26
$71.00
5/20/2026, 11:23:13 PM
2026-07-17
$75.00
5/20/2026, 11:23:13 PM
2026-09-18
$72.50
5/20/2026, 11:23:13 PM
2026-12-18
$70.00
5/20/2026, 11:23:13 PM
2027-01-15
$60.00
5/20/2026, 11:23:13 PM
Selected expiration: 2026-05-22 at max pain $69.00.
NTR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
16563500
16563500
55
0
9319000
9319000
59
0
3523800
3523800
60
0
2075100
2075100
61
0
626800
626800
62
0
555800
555800
63
0
485000
485000
64
0
415700
415700
65
300
346600
346900
66
900
279500
280400
67
17700
215800
233500
68
50700
152800
203500
69
84100
96900
181000
70
124800
61600
186400
71
305700
33600
339300
72
505300
18400
523700
73
714000
9200
723200
74
930600
5900
936500
75
1157900
3100
1161000
76
1395700
2800
1398500
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.