This page reflects NTRA 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 — NTRA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (59.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$12.00
±4.3%
Days to Expiry
15
Calendar days
Total Call OI
4,434
Nearest expiry
Total Put OI
1,744
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$279.32
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
$190.00
5/15/2026, 11:25:43 PM
2026-06-18
$200.00
6/18/2026, 11:29:42 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:20:11 PM
2026-08-21
$220.00
7/3/2026, 11:20:11 PM
2026-09-18
$210.00
7/3/2026, 11:20:11 PM
2026-10-16
$220.00
7/3/2026, 11:20:11 PM
2026-11-20
$210.00
7/3/2026, 11:20:11 PM
2026-12-18
$250.00
7/3/2026, 11:20:11 PM
2027-01-15
$250.00
7/3/2026, 11:20:11 PM
Selected expiration: 2026-07-17 at max pain $220.00.
NTRA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
14283500
14283500
115
0
13412500
13412500
125
0
11670500
11670500
130
500
10799500
10800000
135
1500
9928500
9930000
140
2500
9059000
9061500
145
4000
8190000
8194000
150
5500
7325000
7330500
155
7500
6516000
6523500
160
9500
5759000
5768500
165
11500
5100500
5112000
170
13500
4454000
4467500
175
15500
3830500
3846000
180
17500
3219500
3237000
185
28000
2640500
2668500
190
43500
2120500
2164000
195
75500
1670500
1746000
200
118000
1298000
1416000
210
319000
707000
1026000
220
569000
330000
899000
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.