This page reflects NVT 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 — NVT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $160.00 (7.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$13.95
±9.2%
Days to Expiry
15
Calendar days
Total Call OI
11,192
Nearest expiry
Total Put OI
3,763
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$152.15
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
$135.00
5/15/2026, 11:26:57 PM
2026-06-18
$145.00
6/18/2026, 11:22:29 PM
2026-07-17NextUpdated
$160.00
7/3/2026, 11:19:49 PM
2026-08-21
$155.00
7/3/2026, 11:19:49 PM
2026-09-18
$150.00
7/3/2026, 11:19:49 PM
2026-11-20
$135.00
7/3/2026, 11:19:49 PM
2027-01-15
$115.00
7/3/2026, 11:19:49 PM
2027-02-19
$130.00
7/3/2026, 11:19:49 PM
Selected expiration: 2026-07-17 at max pain $160.00.
NVT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
31999000
31999000
75
0
26360500
26360500
80
500
24481000
24481500
85
2500
22601500
22604000
90
4500
20722000
20726500
95
6500
18845500
18852000
100
12000
16977000
16989000
105
17500
15128000
15145500
110
23500
13400000
13423500
115
33000
11689000
11722000
120
52000
10099500
10151500
125
87000
8522500
8609500
130
131500
6966500
7098000
135
194000
5428000
5622000
140
262000
3974500
4236500
145
362500
3068000
3430500
150
520500
2221000
2741500
155
724500
1424000
2148500
160
1147000
799500
1946500
165
1594500
456500
2051000
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.