This page reflects NVT 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 — NVT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $150.00 (19.56 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
±$12.85
±7.6%
Days to Expiry
14
Calendar days
Total Call OI
3,396
Nearest expiry
Total Put OI
1,484
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$169.56
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
$150.00
8/21/2026, 11:24:16 PM
2026-09-18
$155.00
9/18/2026, 11:26:26 PM
2026-10-16NextUpdated
$150.00
10/2/2026, 11:22:50 PM
2026-11-20
$135.00
10/2/2026, 11:22:50 PM
2026-12-18
$145.00
10/2/2026, 11:22:50 PM
2027-01-15
$145.00
10/2/2026, 11:22:50 PM
2027-02-19
$145.00
10/2/2026, 11:22:50 PM
2027-05-21
$150.00
10/2/2026, 11:22:50 PM
Selected expiration: 2026-10-16 at max pain $150.00.
NVT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
8012500
8012500
90
500
7270500
7271000
95
1000
6539500
6540500
100
1500
5879000
5880500
105
2000
5219000
5221000
110
4500
4559500
4564000
115
7000
3911000
3918000
120
10500
3264000
3274500
125
14000
2664500
2678500
130
22500
2090000
2112500
135
51000
1560500
1611500
140
93000
1087000
1180000
145
138000
680000
818000
150
184500
363000
547500
155
336000
98000
434000
160
504500
46500
551000
165
728500
18500
747000
170
1182000
7000
1189000
175
1862000
3500
1865500
180
2897000
500
2897500
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.