This page reflects NVMI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — NVMI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $320.00 (76.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$33.15
±8.4%
Days to Expiry
14
Calendar days
Total Call OI
363
Nearest expiry
Total Put OI
197
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$396.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$400.00
8/21/2026, 11:25:14 PM
2026-09-18
$370.00
9/18/2026, 11:25:37 PM
2026-10-16NextUpdated
$320.00
10/2/2026, 11:24:17 PM
2026-11-20
$450.00
10/2/2026, 11:24:17 PM
2026-12-18
$430.00
10/2/2026, 11:24:17 PM
2027-01-15
$330.00
10/2/2026, 11:24:17 PM
2027-02-19
$360.00
10/2/2026, 11:24:17 PM
Selected expiration: 2026-10-16 at max pain $320.00.
NVMI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
260
0
718000
718000
270
0
545000
545000
280
0
377000
377000
290
0
285000
285000
300
0
202000
202000
310
20000
139000
159000
320
40000
100000
140000
330
80000
64000
144000
340
132000
33000
165000
350
187000
11000
198000
360
248000
6000
254000
370
312000
4000
316000
380
447000
2000
449000
390
589000
1000
590000
400
795000
0
795000
410
1015000
0
1015000
420
1241000
0
1241000
430
1655000
0
1655000
440
2141000
0
2141000
450
2645000
0
2645000
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.