Nearest listed expiration 2026-08-19 shows max pain at $222.50 (2.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$222.50
Nearest expiry
Expected Move
±$4.18
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
58,597
Nearest expiry
Total Put OI
48,889
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$225.01
Published close
Consensus
8.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-19
Expiration
Max Pain Strike
Last Updated
2026-08-14
$217.50
8/14/2026, 11:29:12 PM
2026-08-17Updated
$220.00
8/17/2026, 11:29:50 PM
2026-08-19Next
$222.50
8/17/2026, 11:29:50 PM
2026-08-21
$207.50
8/17/2026, 11:29:50 PM
2026-08-24
$217.50
8/17/2026, 11:29:50 PM
2026-08-28
$212.50
8/17/2026, 11:29:50 PM
2026-09-04
$205.00
8/17/2026, 11:29:50 PM
2026-09-11
$215.00
8/17/2026, 11:29:50 PM
2026-09-18
$195.00
8/17/2026, 11:29:50 PM
2026-09-25
$220.00
8/17/2026, 11:29:50 PM
2026-10-02
$220.00
8/17/2026, 11:29:50 PM
2026-10-16
$195.00
8/17/2026, 11:29:50 PM
2026-11-20
$200.00
8/17/2026, 11:29:50 PM
2026-12-18
$150.00
8/17/2026, 11:29:50 PM
2027-01-15
$165.00
8/17/2026, 11:29:50 PM
2027-02-19
$210.00
8/17/2026, 11:29:50 PM
2027-03-19
$200.00
8/17/2026, 11:29:50 PM
2027-06-17
$180.00
8/17/2026, 11:29:50 PM
Selected expiration: 2026-08-19 at max pain $222.50.
NVDA pain by strike for 2026-08-19 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
388451250
388451250
115
0
367487250
367487250
125
0
327775250
327775250
130
0
307962250
307962250
135
500
288149750
288150250
140
1000
268337750
268338750
150
2000
228734750
228736750
155
2500
208998250
209000750
160
3500
189262750
189266250
165
7000
169569250
169576250
170
10500
150075250
150085750
172.5
12250
140625000
140637250
175
14000
131288000
131302000
177.5
19750
121964500
121984250
180
25500
112650500
112676000
182.5
38750
103657750
103696500
185
63500
94685250
94748750
187.5
100750
85848000
85948750
190
150500
77031500
77182000
192.5
214250
68482000
68696250
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.