This page reflects NTRA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NTRA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $260.00 (51.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$11.65
±3.7%
Days to Expiry
3
Calendar days
Total Call OI
9,918
Nearest expiry
Total Put OI
7,038
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$311.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$200.00
6/18/2026, 11:29:42 PM
2026-07-17
$220.00
7/17/2026, 11:22:41 PM
2026-08-21NextUpdated
$260.00
8/18/2026, 11:23:55 PM
2026-09-18
$260.00
8/18/2026, 11:23:55 PM
2026-10-16
$220.00
8/18/2026, 11:23:55 PM
2026-11-20
$210.00
8/18/2026, 11:23:55 PM
2026-12-18
$280.00
8/18/2026, 11:23:55 PM
2027-01-15
$250.00
8/18/2026, 11:23:55 PM
Selected expiration: 2026-08-21 at max pain $260.00.
NTRA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
94241500
94241500
105
500
90722500
90723000
110
1500
87203500
87205000
115
4000
83687000
83691000
120
7500
80170500
80178000
130
15500
73138500
73154000
135
19500
69625000
69644500
140
24000
66112000
66136000
145
30000
62599000
62629000
150
36500
59086000
59122500
155
43000
55574500
55617500
160
49500
52069500
52119000
165
56000
48673500
48729500
170
153000
45316500
45469500
175
255000
42058000
42313000
180
357000
38878000
39235000
185
459500
35731500
36191000
190
568000
32598000
33166000
195
677500
29630500
30308000
200
790500
26778000
27568500
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.