This page reflects NVCR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NVCR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $14.00 (3.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$2.80
±15.8%
Days to Expiry
29
Calendar days
Total Call OI
8,386
Nearest expiry
Total Put OI
1,584
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$17.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$12.00
4/17/2026, 11:21:23 PM
2026-05-15
$15.00
5/15/2026, 11:30:59 PM
2026-06-18NextUpdated
$14.00
5/20/2026, 11:21:28 PM
2026-09-18
$13.00
5/20/2026, 11:21:28 PM
2026-12-18
$15.00
5/20/2026, 11:21:28 PM
2027-01-15
$10.00
5/20/2026, 11:21:28 PM
Selected expiration: 2026-06-18 at max pain $14.00.
NVCR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
1560400
1560400
5
200
1246400
1246600
6
600
1089400
1090000
7
1100
932500
933600
8
1700
775600
777300
9
2500
627200
629700
10
3600
480900
484500
11
6400
356400
362800
12
9900
255200
265100
13
29600
161700
191300
14
69800
70000
139800
15
130900
27100
158000
16
243300
15500
258800
17
398700
7900
406600
18
621600
3200
624800
19
894100
800
894900
20
1194500
600
1195100
21
1547000
400
1547400
25
3985000
0
3985000
30
8177500
0
8177500
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.