This page reflects NXE 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 — NXE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.00 (1.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.55
±14.6%
Days to Expiry
29
Calendar days
Total Call OI
49,606
Nearest expiry
Total Put OI
28,857
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$10.59
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
$11.00
4/17/2026, 11:21:27 PM
2026-05-15
$11.00
5/15/2026, 11:31:43 PM
2026-06-18NextUpdated
$12.00
5/20/2026, 11:24:41 PM
2026-07-17
$12.00
5/20/2026, 11:24:41 PM
2026-08-21
$12.00
5/20/2026, 11:24:41 PM
2026-09-18
$13.00
5/20/2026, 11:24:41 PM
2026-10-16
$12.00
5/20/2026, 11:24:41 PM
2026-11-20
$10.00
5/20/2026, 11:24:41 PM
2026-12-18
$8.00
5/20/2026, 11:24:41 PM
2027-01-15
$9.00
5/20/2026, 11:24:41 PM
Selected expiration: 2026-06-18 at max pain $12.00.
NXE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
27231500
27231500
2
12600
24346000
24358600
3
25200
21460600
21485800
4
37800
18580200
18618000
5
50400
15701200
15751600
6
63000
12822200
12885200
7
76300
9943200
10019500
8
90200
7065100
7155300
9
106500
4199900
4306400
10
127300
1363500
1490800
11
164300
558900
723200
12
296700
46000
342700
13
593000
3100
596100
14
3329200
400
3329600
15
6745100
0
6745100
16
10378800
0
10378800
17
14847200
0
14847200
18
19692000
0
19692000
19
24571300
0
24571300
20
29472000
0
29472000
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.