This page reflects NTRA 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 — NTRA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $380.00 (30.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$380.00
Nearest expiry
Expected Move
±$28.60
±7.0%
Days to Expiry
14
Calendar days
Total Call OI
3,252
Nearest expiry
Total Put OI
6,381
Nearest expiry
P/C OI Ratio
1.96
Put-heavy
Spot Price
$410.35
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
$260.00
8/21/2026, 11:24:42 PM
2026-09-18
$310.00
9/18/2026, 11:21:32 PM
2026-10-16NextUpdated
$380.00
10/2/2026, 11:21:13 PM
2026-11-20
$270.00
10/2/2026, 11:21:13 PM
2026-12-18
$400.00
10/2/2026, 11:21:13 PM
2027-01-15
$270.00
10/2/2026, 11:21:13 PM
2027-03-19
$340.00
10/2/2026, 11:21:13 PM
2027-04-16
$320.00
10/2/2026, 11:21:13 PM
2027-06-17
$310.00
10/2/2026, 11:21:13 PM
2027-08-20
$250.00
10/2/2026, 11:21:13 PM
Selected expiration: 2026-10-16 at max pain $380.00.
NTRA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
151205000
151205000
100
1000
148010500
148011500
105
3500
144816500
144820000
110
7000
141622500
141629500
115
12000
138428500
138440500
120
17500
135234500
135252000
125
26000
132040500
132066500
130
42000
128846500
128888500
135
58500
125653000
125711500
140
83000
122459500
122542500
145
108000
119266000
119374000
150
134500
116072500
116207000
155
162000
112879500
113041500
160
189500
109689000
109878500
165
218000
106498500
106716500
170
246500
103308500
103555000
175
275500
100118500
100394000
180
327000
96959000
97286000
185
379500
93804000
94183500
190
432000
90650000
91082000
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.