This page reflects NUVL 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 — NUVL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $120.00 (3.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$1.52
±1.2%
Days to Expiry
15
Calendar days
Total Call OI
20,515
Nearest expiry
Total Put OI
3,941
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$123.73
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
$100.00
5/15/2026, 11:24:44 PM
2026-06-18
$120.00
6/18/2026, 11:24:40 PM
2026-07-17NextUpdated
$120.00
7/3/2026, 11:23:10 PM
2026-10-16
$110.00
7/3/2026, 11:23:10 PM
2027-01-15
$120.00
7/3/2026, 11:23:10 PM
Selected expiration: 2026-07-17 at max pain $120.00.
NUVL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
19475000
19475000
60
0
17508000
17508000
65
0
15543000
15543000
70
1000
13578000
13579000
75
2000
11614000
11616000
80
3000
9650500
9653500
85
4500
7688500
7693000
90
6000
6115500
6121500
95
35000
4694000
4729000
100
71500
3451000
3522500
105
122000
2291000
2413000
110
180000
1155000
1335000
115
394000
493000
887000
120
772000
500
772500
125
1172000
0
1172000
130
11396000
0
11396000
135
21649000
0
21649000
145
42159000
0
42159000
160
72925500
0
72925500
165
83182500
0
83182500
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.