Navitas Semiconductor CorporatiClose $22.99EOD only
Max Pain
$19.00
Next expiry May 22, 2026
Expected Move
±$2.66
11.6% from close
Price Gap
-3.99
Distance to max pain
IV Rank
68
High premium
P/C OI
0.56
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects NVTS 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 — NVTS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $19.00 (3.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$2.66
±11.6%
Days to Expiry
2
Calendar days
Total Call OI
31,603
Nearest expiry
Total Put OI
29,975
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$22.99
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$15.00
5/8/2026, 11:25:00 PM
2026-05-15
$15.50
5/15/2026, 11:26:06 PM
2026-05-22NextUpdated
$19.00
5/20/2026, 11:24:24 PM
2026-05-29
$18.00
5/20/2026, 11:24:24 PM
2026-06-05
$19.00
5/20/2026, 11:24:24 PM
2026-06-12
$20.00
5/20/2026, 11:24:24 PM
2026-06-18
$12.00
5/20/2026, 11:24:24 PM
2026-06-26
$18.00
5/20/2026, 11:24:24 PM
2026-07-17
$19.00
5/20/2026, 11:24:24 PM
2026-09-18
$12.00
5/20/2026, 11:24:24 PM
2026-12-18
$17.00
5/20/2026, 11:24:24 PM
2027-01-15
$7.00
5/20/2026, 11:24:24 PM
Selected expiration: 2026-05-22 at max pain $19.00.
NVTS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
46457600
46457600
2
2600
43460100
43462700
3
7100
40462600
40469700
4
24800
37465100
37489900
4.5
43000
35966350
36009350
5
63000
34467700
34530700
5.5
83300
32969350
33052650
6
104100
31471400
31575500
6.5
125100
29973800
30098900
7
146100
28477250
28623350
7.5
167700
26985250
27152950
8
189550
25498400
25687950
8.5
212050
24017900
24229950
9
234800
22543650
22778450
9.5
259200
21074700
21333900
10
287700
19615250
19902950
10.5
329850
18171550
18501400
11
383350
16736000
17119350
11.5
454850
15318100
15772950
12
530800
13938700
14469500
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.