This page reflects NVCT 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 — NVCT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $7.50 (12.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$3.28
±16.7%
Days to Expiry
15
Calendar days
Total Call OI
1,574
Nearest expiry
Total Put OI
595
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$19.57
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
2026-04-17
$5.00
4/17/2026, 11:21:42 PM
2026-06-18
$7.50
6/18/2026, 11:25:43 PM
2026-07-17NextUpdated
$7.50
7/3/2026, 11:25:04 PM
2026-08-21
$15.00
7/3/2026, 11:25:04 PM
2026-10-16
$10.00
7/3/2026, 11:25:04 PM
2027-01-15
$7.50
7/3/2026, 11:25:04 PM
Selected expiration: 2026-07-17 at max pain $7.50.
NVCT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
724750
724750
5
0
577250
577250
7.5
250
430250
430500
10
243250
336250
579500
12.5
506250
260500
766750
15
776000
187250
963250
17.5
1066000
120500
1186500
20
1358250
58000
1416250
22.5
1657000
20500
1677500
25
1957000
3500
1960500
30
2712500
0
2712500
35
3488500
0
3488500
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.