This page reflects NVMI 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 — NVMI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $460.00 (34.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$460.00
Nearest expiry
Expected Move
±$64.95
±13.2%
Days to Expiry
29
Calendar days
Total Call OI
442
Nearest expiry
Total Put OI
196
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$494.03
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
$420.00
4/17/2026, 11:22:36 PM
2026-05-15
$450.00
5/15/2026, 11:27:12 PM
2026-06-18NextUpdated
$460.00
5/20/2026, 11:26:01 PM
2026-07-17
$390.00
5/20/2026, 11:26:01 PM
2026-08-21
$460.00
5/20/2026, 11:26:01 PM
2026-11-20
$480.00
5/20/2026, 11:26:01 PM
2026-12-18
$380.00
5/20/2026, 11:26:01 PM
Selected expiration: 2026-06-18 at max pain $460.00.
NVMI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
320
0
2758000
2758000
330
0
2565000
2565000
340
1000
2375000
2376000
380
5000
1619000
1624000
390
6000
1447000
1453000
400
8000
1276000
1284000
410
30000
1111000
1141000
420
72000
958000
1030000
430
114000
846000
960000
450
198000
658000
856000
460
240000
573000
813000
470
327000
491000
818000
480
415000
412000
827000
490
505000
337000
842000
500
598000
283000
881000
510
702000
234000
936000
520
812000
195000
1007000
530
933000
166000
1099000
540
1157000
137000
1294000
550
1392000
111000
1503000
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.