This page reflects NXE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — NXE
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $10.00 (0.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.65
±7.2%
Days to Expiry
11
Calendar days
Total Call OI
10,878
Nearest expiry
Total Put OI
7,579
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$9.07
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$10.00
8/21/2026, 11:21:00 PM
2026-09-18
$10.00
9/18/2026, 11:26:41 PM
2026-10-16NextUpdated
$10.00
10/5/2026, 11:24:55 PM
2026-11-20
$10.00
10/5/2026, 11:24:55 PM
2026-12-18
$10.00
10/5/2026, 11:24:55 PM
2027-01-15
$10.00
10/5/2026, 11:24:55 PM
2027-02-19
$11.00
10/5/2026, 11:24:55 PM
2027-03-19
$10.00
10/5/2026, 11:24:55 PM
2027-05-21
$10.00
10/5/2026, 11:24:55 PM
2027-08-20
$10.00
10/5/2026, 11:24:55 PM
Selected expiration: 2026-10-16 at max pain $10.00.
NXE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
5462500
5462500
3
1100
4704600
4705700
5
5300
3189000
3194300
6
7500
2431300
2438800
7
9700
1674200
1683900
8
11900
926200
938100
9
28000
393200
421200
10
72700
57900
130600
11
327100
9500
336600
12
903100
0
903100
13
1611900
0
1611900
14
2572900
0
2572900
15
3579100
0
3579100
16
4591200
0
4591200
17
5604300
0
5604300
18
6690200
0
6690200
19
7776100
0
7776100
20
8863900
0
8863900
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.