Nearest listed expiration 2026-10-05 shows max pain at $227.50 (6.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$227.50
Nearest expiry
Expected Move
±$3.29
±1.4%
Days to Expiry
3
Calendar days
Total Call OI
73,040
Nearest expiry
Total Put OI
62,247
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$233.95
Published close
Consensus
8.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-05
Expiration
Max Pain Strike
Last Updated
2026-09-30
$227.50
9/30/2026, 11:24:46 PM
2026-10-02Updated
$227.50
10/2/2026, 11:18:58 PM
2026-10-05Next
$227.50
10/2/2026, 11:18:58 PM
2026-10-07
$230.00
10/2/2026, 11:18:58 PM
2026-10-09
$227.50
10/2/2026, 11:18:58 PM
2026-10-16
$205.00
10/2/2026, 11:18:58 PM
2026-10-23
$225.00
10/2/2026, 11:18:58 PM
2026-10-30
$225.00
10/2/2026, 11:18:58 PM
2026-11-06
$225.00
10/2/2026, 11:18:58 PM
2026-11-20
$210.00
10/2/2026, 11:18:58 PM
2026-12-18
$165.00
10/2/2026, 11:18:58 PM
2027-01-15
$180.00
10/2/2026, 11:18:58 PM
2027-02-19
$215.00
10/2/2026, 11:18:58 PM
2027-03-19
$210.00
10/2/2026, 11:18:58 PM
2027-04-16
$215.00
10/2/2026, 11:18:58 PM
2027-06-17
$190.00
10/2/2026, 11:18:58 PM
2027-09-17
$215.00
10/2/2026, 11:18:58 PM
Selected expiration: 2026-10-05 at max pain $227.50.
NVDA pain by strike for 2026-10-05 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
505259750
505259750
140
0
443032750
443032750
150
21000
380805750
380826750
155
31500
349694750
349726250
160
42000
318585750
318627750
165
52500
287587750
287640250
170
63000
256614750
256677750
175
76500
225898750
225975250
180
90000
195337250
195427250
185
107000
164792750
164899750
190
127000
134417250
134544250
195
158000
105559250
105717250
197.5
187000
92274250
92461250
200
216000
80282750
80498750
202.5
260500
69922500
70183000
205
305000
60107250
60412250
207.5
354500
50972250
51326750
210
413750
42300750
42714500
212.5
503000
34182250
34685250
215
649000
26747250
27396250
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.