This page reflects NTRS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — NTRS
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $165.00 (5.67 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
±$6.57
±3.9%
Days to Expiry
11
Calendar days
Total Call OI
647
Nearest expiry
Total Put OI
650
Nearest expiry
P/C OI Ratio
1.00
Put-heavy
Spot Price
$170.67
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
$180.00
8/21/2026, 11:24:57 PM
2026-09-18
$185.00
9/18/2026, 11:21:46 PM
2026-10-16NextUpdated
$165.00
10/5/2026, 11:22:48 PM
2026-11-20
$175.00
10/5/2026, 11:22:48 PM
2026-12-18
$140.00
10/5/2026, 11:22:48 PM
2027-01-15
$155.00
10/5/2026, 11:22:48 PM
2027-04-16
$115.00
10/5/2026, 11:22:48 PM
Selected expiration: 2026-10-16 at max pain $165.00.
NTRS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
4044000
4044000
100
0
3719000
3719000
110
0
3070000
3070000
115
1000
2745500
2746500
120
2000
2421500
2423500
125
3000
2097500
2100500
130
14500
1789500
1804000
135
26000
1488000
1514000
140
37500
1187000
1224500
145
49000
886000
935000
150
60500
691500
752000
155
72000
497000
569000
160
88500
302500
391000
165
108500
118000
226500
170
166500
74500
241000
175
269000
37500
306500
180
411500
10500
422000
185
575000
1500
576500
190
820500
1000
821500
195
1088500
500
1089000
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.