This page reflects NVAX 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 — NVAX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (0.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.38
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
8,535
Nearest expiry
Total Put OI
6,585
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$7.93
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
2026-08-07
$7.00
8/7/2026, 11:27:01 PM
2026-08-14
$7.50
8/14/2026, 11:27:23 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:23:01 PM
2026-08-28
$8.00
8/18/2026, 11:23:01 PM
2026-09-04
$8.00
8/18/2026, 11:23:01 PM
2026-09-11
$7.50
8/18/2026, 11:23:01 PM
2026-09-18
$8.00
8/18/2026, 11:23:01 PM
2026-09-25
$8.00
8/18/2026, 11:23:01 PM
2026-10-02
$8.50
8/18/2026, 11:23:01 PM
2026-10-16
$7.00
8/18/2026, 11:23:01 PM
2027-01-15
$10.00
8/18/2026, 11:23:01 PM
Selected expiration: 2026-08-21 at max pain $8.00.
NVAX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
4429800
4429800
2
100
3773200
3773300
3
700
3117600
3118300
4
1800
2466500
2468300
4.5
2550
2144050
2146600
5
3500
1824100
1827600
5.5
4600
1504900
1509500
6
5700
1187050
1192750
6.5
6850
874950
881800
7
8050
572500
580550
7.5
12900
297400
310300
8
27200
46850
74050
8.5
111400
23300
134700
9
230800
8000
238800
9.5
379500
6000
385500
10
556250
4050
560300
10.5
795300
3150
798450
11
1035000
2450
1037450
11.5
1291050
1900
1292950
12
1547150
1450
1548600
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.