This page reflects NVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NVT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $140.00 (21.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$18.75
±11.6%
Days to Expiry
29
Calendar days
Total Call OI
24,454
Nearest expiry
Total Put OI
4,133
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$161.86
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$120.00
4/17/2026, 11:21:37 PM
2026-05-15
$135.00
5/15/2026, 11:26:57 PM
2026-06-18NextUpdated
$140.00
5/20/2026, 11:25:47 PM
2026-07-17
$155.00
5/20/2026, 11:25:47 PM
2026-08-21
$145.00
5/20/2026, 11:25:47 PM
2026-11-20
$130.00
5/20/2026, 11:25:47 PM
2027-01-15
$110.00
5/20/2026, 11:25:47 PM
2027-02-19
$97.50
5/20/2026, 11:25:47 PM
Selected expiration: 2026-06-18 at max pain $140.00.
NVT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
46399500
46399500
37.5
0
45366750
45366750
40
0
44334250
44334250
45
0
42270750
42270750
47.5
0
41240000
41240000
50
0
40209500
40209500
55
0
38149000
38149000
57.5
250
37118750
37119000
60
500
36088750
36089250
65
4500
34031250
34035750
67.5
7250
33002500
33009750
70
10000
31973750
31983750
72.5
12750
30945750
30958500
75
15750
29917750
29933500
77.5
19000
28890500
28909500
80
24250
27863500
27887750
82.5
29500
26836500
26866000
85
42750
25809500
25852250
87.5
57750
24782500
24840250
90
73250
23756000
23829250
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.