This page reflects NVS 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 — NVS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $150.00 (9.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$5.12
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
10,843
Nearest expiry
Total Put OI
14,979
Nearest expiry
P/C OI Ratio
1.38
Put-heavy
Spot Price
$141.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$155.00
8/21/2026, 11:21:20 PM
2026-09-18
$145.00
9/18/2026, 11:24:20 PM
2026-10-16NextUpdated
$150.00
10/2/2026, 11:21:44 PM
2026-11-20
$155.00
10/2/2026, 11:21:44 PM
2026-12-18
$155.00
10/2/2026, 11:21:44 PM
2027-01-15
$160.00
10/2/2026, 11:21:44 PM
2027-04-16
$145.00
10/2/2026, 11:21:44 PM
2027-06-17
$170.00
10/2/2026, 11:21:44 PM
Selected expiration: 2026-10-16 at max pain $150.00.
NVS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
59761500
59761500
105
0
52276000
52276000
110
0
44791500
44791500
115
0
37337500
37337500
120
2000
29892000
29894000
125
6500
22487500
22494000
130
14500
15531000
15545500
135
38000
10405000
10443000
140
162500
6255000
6417500
145
536500
3314500
3851000
150
1874000
1273500
3147500
155
3784000
0
3784000
160
6487500
0
6487500
165
10030500
0
10030500
170
14014500
0
14014500
175
18326000
0
18326000
180
22986000
0
22986000
185
27964000
0
27964000
190
33067500
0
33067500
195
38303500
0
38303500
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.