This page reflects NWPX 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 — NWPX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (39.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$10.38
±9.5%
Days to Expiry
29
Calendar days
Total Call OI
127
Nearest expiry
Total Put OI
40
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$109.53
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
$60.00
4/17/2026, 11:22:27 PM
2026-05-15
$60.00
5/15/2026, 11:27:46 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:26:00 PM
2026-07-17
$75.00
5/20/2026, 11:26:00 PM
2026-09-18
$70.00
5/20/2026, 11:26:00 PM
2026-12-18
$90.00
5/20/2026, 11:26:00 PM
Selected expiration: 2026-06-18 at max pain $70.00.
NWPX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
207500
207500
45
0
188000
188000
50
5500
168500
174000
60
24500
129500
154000
65
34500
110000
144500
70
44500
91500
136000
75
81000
76000
157000
80
118500
61000
179500
85
161500
46000
207500
100
323500
1000
324500
110
432500
0
432500
115
488500
0
488500
120
547500
0
547500
125
608500
0
608500
130
670500
0
670500
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.