This page reflects NVGS 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 — NVGS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $17.50 (6.29 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.55
±6.5%
Days to Expiry
29
Calendar days
Total Call OI
2,505
Nearest expiry
Total Put OI
120
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$23.79
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
$17.00
4/17/2026, 11:22:36 PM
2026-05-15
$17.00
5/15/2026, 11:28:30 PM
2026-06-18NextUpdated
$17.50
5/20/2026, 11:25:37 PM
2026-09-18
$18.00
5/20/2026, 11:25:37 PM
2026-12-18
$15.00
5/20/2026, 11:25:37 PM
Selected expiration: 2026-06-18 at max pain $17.50.
NVGS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
199900
199900
2.5
0
181900
181900
12.5
0
61900
61900
14
0
44050
44050
15
100
32650
32750
16
200
22050
22250
17.5
350
6900
7250
19
23750
600
24350
20
49950
500
50450
21
177250
400
177650
22.5
507850
250
508100
24
851950
100
852050
25
1081650
0
1081650
28
1824150
0
1824150
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.