This page reflects NVS 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 — NVS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $150.00 (9.90 below 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
±$6.65
±4.2%
Days to Expiry
15
Calendar days
Total Call OI
6,655
Nearest expiry
Total Put OI
7,606
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$159.90
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$145.00
5/15/2026, 11:28:21 PM
2026-06-18
$145.00
6/18/2026, 11:23:49 PM
2026-07-17NextUpdated
$150.00
7/3/2026, 11:21:27 PM
2026-08-21
$150.00
7/3/2026, 11:21:27 PM
2026-09-18
$155.00
7/3/2026, 11:21:27 PM
2026-10-16
$150.00
7/3/2026, 11:21:27 PM
2026-11-20
$150.00
7/3/2026, 11:21:27 PM
2026-12-18
$155.00
7/3/2026, 11:21:27 PM
2027-01-15
$160.00
7/3/2026, 11:21:27 PM
2027-06-17
$170.00
7/3/2026, 11:21:27 PM
Selected expiration: 2026-07-17 at max pain $150.00.
NVS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
53935500
53935500
80
0
50132500
50132500
85
500
46329500
46330000
90
1000
42526500
42527500
95
1500
38725500
38727000
100
2000
34924500
34926500
105
2500
31123500
31126000
110
3000
27322500
27325500
115
3500
23521500
23525000
120
4000
19755500
19759500
125
4500
15994000
15998500
130
8500
12317000
12325500
135
16500
8750000
8766500
140
28000
5990000
6018000
145
125000
3680000
3805000
150
484000
2004500
2488500
155
1650500
911000
2561500
160
3563500
404500
3968000
165
6079000
500
6079500
170
9211500
0
9211500
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.