This page reflects NTRS 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 — NTRS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $165.00 (11.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$6.95
±3.9%
Days to Expiry
15
Calendar days
Total Call OI
596
Nearest expiry
Total Put OI
1,150
Nearest expiry
P/C OI Ratio
1.93
Put-heavy
Spot Price
$176.50
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
$160.00
5/15/2026, 11:25:43 PM
2026-06-18
$165.00
6/18/2026, 11:23:07 PM
2026-07-17NextUpdated
$165.00
7/3/2026, 11:21:28 PM
2026-08-21
$170.00
7/3/2026, 11:21:28 PM
2026-10-16
$125.00
7/3/2026, 11:21:28 PM
2026-12-18
$135.00
7/3/2026, 11:21:28 PM
2027-01-15
$155.00
7/3/2026, 11:21:28 PM
Selected expiration: 2026-07-17 at max pain $165.00.
NTRS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
10208500
10208500
75
0
9634500
9634500
90
0
7912500
7912500
95
0
7339000
7339000
100
0
6765500
6765500
105
500
6193000
6193500
110
1000
5622000
5623000
115
1500
5051500
5053000
120
2000
4483000
4485000
125
2500
3915000
3917500
130
8500
3347000
3355500
135
17000
2779000
2796000
140
27500
2212500
2240000
145
42500
1657000
1699500
150
74500
1103500
1178000
155
115000
759000
874000
160
185000
428500
613500
165
260000
110500
370500
170
362500
15500
378000
175
497000
3500
500500
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.