This page reflects NUE 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 — NUE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (0.75 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
±$12.65
±5.7%
Days to Expiry
15
Calendar days
Total Call OI
8,704
Nearest expiry
Total Put OI
4,336
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$220.75
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
$195.00
5/15/2026, 11:27:02 PM
2026-06-18
$220.00
6/18/2026, 11:23:48 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:24:40 PM
2026-08-21
$230.00
7/3/2026, 11:24:40 PM
2026-09-18
$200.00
7/3/2026, 11:24:40 PM
2026-10-16
$220.00
7/3/2026, 11:24:40 PM
2026-12-18
$185.00
7/3/2026, 11:24:40 PM
2027-01-15
$165.00
7/3/2026, 11:24:40 PM
2027-03-19
$230.00
7/3/2026, 11:24:40 PM
2027-06-17
$165.00
7/3/2026, 11:24:40 PM
Selected expiration: 2026-07-17 at max pain $220.00.
NUE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
52409000
52409000
85
0
50247500
50247500
90
0
48091000
48091000
95
0
45951000
45951000
100
0
43822000
43822000
105
0
41701000
41701000
110
0
39585000
39585000
115
0
37480000
37480000
120
0
35385000
35385000
125
0
33297500
33297500
130
0
31230000
31230000
135
500
29178500
29179000
140
1000
27134000
27135000
145
3500
25120000
25123500
150
6000
23132500
23138500
155
8500
21221000
21229500
160
14000
19356000
19370000
165
34000
17626000
17660000
170
58000
15922500
15980500
175
176000
14267500
14443500
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.