This page reflects NVMI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NVMI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $440.00 (49.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$440.00
Nearest expiry
Expected Move
±$20.00
±5.1%
Days to Expiry
3
Calendar days
Total Call OI
2,462
Nearest expiry
Total Put OI
2,107
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$390.96
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$490.00
6/18/2026, 11:29:40 PM
2026-07-17
$480.00
7/17/2026, 11:24:37 PM
2026-08-21NextUpdated
$440.00
8/18/2026, 11:30:58 PM
2026-09-18
$400.00
8/18/2026, 11:30:58 PM
2026-11-20
$500.00
8/18/2026, 11:30:58 PM
2026-12-18
$440.00
8/18/2026, 11:30:58 PM
2027-01-15
$560.00
8/18/2026, 11:30:58 PM
2027-02-19
$400.00
8/18/2026, 11:30:58 PM
Selected expiration: 2026-08-21 at max pain $440.00.
NVMI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
53701000
53701000
145
500
52648500
52649000
150
1500
51597000
51598500
155
3000
50545500
50548500
165
7000
48442500
48449500
170
9500
47391000
47400500
175
13500
46339500
46353000
180
18500
45288000
45306500
185
24500
44236500
44261000
190
31500
43185000
43216500
195
38500
42134000
42172500
200
45500
41083000
41128500
210
59500
38981000
39040500
220
74500
36881000
36955500
230
90500
34794000
34884500
240
106500
32730000
32836500
250
122500
30669000
30791500
260
140500
28630000
28770500
270
161500
26614000
26775500
280
183500
24609000
24792500
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.