What is NVO max pain this week?

NVO max pain for the nearest expiration (2026-07-10) is $47.00. Total call open interest: 13,992. Total put open interest: 6,412.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options NVOMax Pain

NVO

Novo Nordisk A/SClose $50.43EOD only

Max Pain

$47.00

Next expiry Jul 10, 2026

Expected Move

±$2.15

4.3% from close

Price Gap

-3.43

Distance to max pain

IV Rank

Low premium

P/C OI

0.70

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Jul 2, 2026 close

End-of-day snapshot

This page reflects NVO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jul 2, 2026 close

Max Pain — NVO

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $47.00 (3.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$47.00

Nearest expiry

Expected Move

±$2.15

±4.3%

Days to Expiry

Calendar days

Total Call OI

13,992

Nearest expiry

Total Put OI

6,412

Nearest expiry

P/C OI Ratio

0.46

Put-heavy

Spot Price

$50.43

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-07-10

Expiration	Max Pain Strike	Last Updated
2026-06-26	$45.00	6/26/2026, 11:23:58 PM
2026-07-02	$46.00	7/2/2026, 11:24:56 PM
2026-07-10NextUpdated	$47.00	7/3/2026, 11:22:31 PM
2026-07-17	$45.00	7/3/2026, 11:22:31 PM
2026-07-24	$47.00	7/3/2026, 11:22:31 PM
2026-07-31	$46.00	7/3/2026, 11:22:31 PM
2026-08-07	$48.00	7/3/2026, 11:22:31 PM
2026-08-21	$45.00	7/3/2026, 11:22:31 PM
2026-09-18	$45.00	7/3/2026, 11:22:31 PM
2026-10-16	$45.00	7/3/2026, 11:22:31 PM
2026-11-20	$50.00	7/3/2026, 11:22:31 PM
2026-12-18	$45.00	7/3/2026, 11:22:31 PM
2027-01-15	$50.00	7/3/2026, 11:22:31 PM
2027-03-19	$40.00	7/3/2026, 11:22:31 PM
2027-06-17	$45.00	7/3/2026, 11:22:31 PM

Selected expiration: 2026-07-10 at max pain $47.00.

NVO pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
30	0	9944500	9944500
32	400	8662500	8662900
35	1000	6755700	6756700
36	4200	6123100	6127300
37	7400	5495400	5502800
38	10600	4870900	4881500
39	13900	4260500	4274400
40	17600	3681100	3698700
41	24800	3112600	3137400
41.5	30550	2835000	2865550
42	37300	2557600	2594900
42.5	46400	2291900	2338300
43	60050	2026650	2086700
43.5	78100	1766650	1844750
44	101500	1507200	1608700
44.5	136250	1264200	1400450
45	172350	1025550	1197900
45.5	224000	797400	1021400
46	278500	570700	849200
46.5	355600	436750	792350

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.