This page reflects NXE 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 — NXE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (1.37 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.02
±10.6%
Days to Expiry
15
Calendar days
Total Call OI
15,881
Nearest expiry
Total Put OI
25,621
Nearest expiry
P/C OI Ratio
1.61
Put-heavy
Spot Price
$9.63
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
$11.00
5/15/2026, 11:31:43 PM
2026-06-18
$11.00
6/18/2026, 11:25:47 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:23:37 PM
2026-08-21
$10.00
7/3/2026, 11:23:37 PM
2026-09-18
$13.00
7/3/2026, 11:23:37 PM
2026-10-16
$12.00
7/3/2026, 11:23:37 PM
2026-11-20
$11.00
7/3/2026, 11:23:37 PM
2026-12-18
$12.00
7/3/2026, 11:23:37 PM
2027-01-15
$9.00
7/3/2026, 11:23:37 PM
2027-02-19
$5.00
7/3/2026, 11:23:37 PM
Selected expiration: 2026-07-17 at max pain $11.00.
NXE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
23048200
23048200
2
3400
20486300
20489700
3
6900
17924700
17931600
5
15300
12801500
12816800
6
19900
10239900
10259800
7
24600
7678500
7703100
8
29400
5183000
5212400
9
38900
2737700
2776600
10
51500
836100
887600
11
274100
377600
651700
12
621700
136900
758600
13
1431500
55900
1487400
14
2554800
17300
2572100
15
3914700
600
3915300
16
5336400
400
5336800
17
6780800
200
6781000
18
8252800
0
8252800
19
9737300
0
9737300
20
11252000
0
11252000
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.