This page reflects NVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NVT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (14.63 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
±$7.50
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
9,505
Nearest expiry
Total Put OI
4,082
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$164.63
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$145.00
6/18/2026, 11:22:29 PM
2026-07-17
$160.00
7/17/2026, 11:24:27 PM
2026-08-21NextUpdated
$150.00
8/18/2026, 11:26:22 PM
2026-09-18
$160.00
8/18/2026, 11:26:22 PM
2026-10-16
$165.00
8/18/2026, 11:26:22 PM
2026-11-20
$135.00
8/18/2026, 11:26:22 PM
2027-01-15
$145.00
8/18/2026, 11:26:22 PM
2027-02-19
$130.00
8/18/2026, 11:26:22 PM
Selected expiration: 2026-08-21 at max pain $150.00.
NVT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
36074250
36074250
55
0
34034250
34034250
60
0
31995750
31995750
65
0
30040750
30040750
70
0
28086250
28086250
75
0
26133750
26133750
80
500
24186750
24187250
85
1500
22239750
22241250
90
11500
20296750
20308250
92.5
20750
19325250
19346000
95
30500
18354500
18385000
97.5
41250
17385000
17426250
100
52000
16418000
16470000
105
74500
14495500
14570000
110
101500
12585500
12687000
115
128500
10701500
10830000
120
165000
8860000
9025000
125
208000
7309000
7517000
130
258500
5921000
6179500
135
325000
4559500
4884500
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.