What is NVO max pain this week?

NVO max pain for the nearest expiration (2026-08-21) is $46.50. Total call open interest: 101,396. Total put open interest: 79,460.

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 $45.71EOD only

Max Pain

$46.50

Next expiry Aug 21, 2026

Expected Move

±$1.06

2.3% from close

Price Gap

+0.79

Distance to max pain

IV Rank

Low premium

P/C OI

0.74

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 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

Aug 18, 2026 close

Max Pain — NVO

Data as of market close Aug 18, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $46.50 (0.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$46.50

Nearest expiry

Expected Move

±$1.06

±2.3%

Days to Expiry

Calendar days

Total Call OI

101,396

Nearest expiry

Total Put OI

79,460

Nearest expiry

P/C OI Ratio

0.78

Put-heavy

Spot Price

$45.71

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
2026-08-07	$46.00	8/7/2026, 11:23:42 PM
2026-08-14	$45.50	8/14/2026, 11:28:35 PM
2026-08-21NextUpdated	$46.50	8/18/2026, 11:23:25 PM
2026-08-28	$46.50	8/18/2026, 11:23:25 PM
2026-09-04	$46.00	8/18/2026, 11:23:25 PM
2026-09-11	$45.00	8/18/2026, 11:23:25 PM
2026-09-18	$47.50	8/18/2026, 11:23:25 PM
2026-09-25	$46.00	8/18/2026, 11:23:25 PM
2026-10-02	$45.00	8/18/2026, 11:23:25 PM
2026-10-16	$45.00	8/18/2026, 11:23:25 PM
2026-11-20	$50.00	8/18/2026, 11:23:25 PM
2026-12-18	$45.00	8/18/2026, 11:23:25 PM
2027-01-15	$47.50	8/18/2026, 11:23:25 PM
2027-03-19	$47.50	8/18/2026, 11:23:25 PM
2027-06-17	$45.00	8/18/2026, 11:23:25 PM

Selected expiration: 2026-08-21 at max pain $46.50.

NVO pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
22.5	0	160984150	160984150
25	750	141119150	141119900
27.5	2000	121290150	121292150
30	3250	101511150	101514400
32.5	7000	82490650	82497650
35	10750	63994900	64005650
37	73950	50338700	50412650
37.5	89750	46930550	47020300
38	105600	43621950	43727550
39	137400	37007050	37144450
40	169400	30414550	30583950
41	242300	24637250	24879550
41.5	278800	21760250	22039050
42	315400	18886750	19202150
42.5	352150	16056350	16408500
43	389100	13957050	14346150
43.5	426300	11953000	12379300
44	463650	9987750	10451400
44.5	502750	8159050	8661800
45	544650	6454550	6999200

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.