This page reflects NXE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — NXE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (0.26 below 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
±$0.57
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
25,060
Nearest expiry
Total Put OI
17,280
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$10.26
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$11.00
6/18/2026, 11:25:47 PM
2026-07-17
$10.00
7/17/2026, 11:25:33 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:31:58 PM
2026-09-18
$11.00
8/18/2026, 11:31:58 PM
2026-10-16
$10.00
8/18/2026, 11:31:58 PM
2026-11-20
$10.00
8/18/2026, 11:31:58 PM
2026-12-18
$11.00
8/18/2026, 11:31:58 PM
2027-01-15
$10.00
8/18/2026, 11:31:58 PM
2027-02-19
$11.00
8/18/2026, 11:31:58 PM
Selected expiration: 2026-08-21 at max pain $10.00.
NXE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
14568400
14568400
2
900
12840500
12841400
3
2800
11112700
11115500
4
5300
9384900
9390200
5
7800
7657300
7665100
6
10300
5930000
5940300
7
12900
4203900
4216800
8
17600
2492500
2510100
9
34000
919200
953200
10
130800
335100
465900
11
613700
99300
713000
12
1762200
28800
1791000
13
3214800
11400
3226200
14
4849000
5700
4854700
15
6802600
300
6802900
16
9074400
200
9074600
17
11416200
100
11416300
18
13799600
0
13799600
20
18683200
0
18683200
25
31120200
0
31120200
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.