What is NVO max pain this week?

NVO max pain for the nearest expiration (2026-10-09) is $39.00. Total call open interest: 10,047. Total put open interest: 4,544.

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 $37.32EOD only

Max Pain

$39.00

Next expiry Oct 9, 2026

Expected Move

±$1.09

2.9% from close

Price Gap

+1.68

Distance to max pain

IV Rank

Low premium

P/C OI

0.68

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 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

Oct 2, 2026 close

Max Pain — NVO

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $39.00 (1.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$39.00

Nearest expiry

Expected Move

±$1.09

±2.9%

Days to Expiry

Calendar days

Total Call OI

10,047

Nearest expiry

Total Put OI

4,544

Nearest expiry

P/C OI Ratio

0.45

Put-heavy

Spot Price

$37.32

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-10-09

Expiration	Max Pain Strike	Last Updated
2026-09-25	$40.00	9/25/2026, 11:25:53 PM
2026-10-02Updated	$38.00	10/2/2026, 11:20:46 PM
2026-10-09Next	$39.00	10/2/2026, 11:20:46 PM
2026-10-16	$40.00	10/2/2026, 11:20:46 PM
2026-10-23	$40.00	10/2/2026, 11:20:46 PM
2026-10-30	$40.00	10/2/2026, 11:20:46 PM
2026-11-06	$38.00	10/2/2026, 11:20:46 PM
2026-11-20	$45.00	10/2/2026, 11:20:46 PM
2026-12-18	$45.00	10/2/2026, 11:20:46 PM
2027-01-15	$42.50	10/2/2026, 11:20:46 PM
2027-03-19	$45.00	10/2/2026, 11:20:46 PM
2027-06-17	$40.00	10/2/2026, 11:20:46 PM
2027-09-17	$42.50	10/2/2026, 11:20:46 PM

Selected expiration: 2026-10-09 at max pain $39.00.

NVO pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
30	0	4272650	4272650
31	500	3727350	3727850
32	1100	3182050	3183150
34	2300	2101450	2103750
35	2900	1573450	1576350
35.5	4800	1319950	1324750
36	6900	1070950	1077850
36.5	11750	838350	850100
37	34300	616100	650400
37.5	64200	454750	518950
38	126700	310100	436800
38.5	217700	210250	427950
39	341550	125300	466850
39.5	549600	64300	613900
40	782950	14600	797550
40.5	1066750	8250	1075000
41	1375550	3200	1378750
41.5	1736750	1450	1738200
42	2109700	0	2109700
42.5	2517200	0	2517200

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.