This page reflects NXST 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 — NXST
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $150.00 (6.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$3.00
±1.9%
Days to Expiry
11
Calendar days
Total Call OI
164
Nearest expiry
Total Put OI
87
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$156.66
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
$185.00
8/21/2026, 11:25:08 PM
2026-09-18
$170.00
9/18/2026, 11:24:38 PM
2026-10-16NextUpdated
$150.00
10/5/2026, 11:23:49 PM
2026-11-20
$175.00
10/5/2026, 11:23:49 PM
2026-12-18
$170.00
10/5/2026, 11:23:49 PM
2027-02-19
$175.00
10/5/2026, 11:23:49 PM
2027-05-21
$160.00
10/5/2026, 11:23:49 PM
Selected expiration: 2026-10-16 at max pain $150.00.
NXST pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
148500
148500
140
0
105500
105500
145
2000
75500
77500
150
4000
53000
57000
155
38500
32500
71000
160
73000
19500
92500
165
109500
9500
119000
170
149500
6500
156000
175
195000
4000
199000
180
243000
2000
245000
185
302000
0
302000
190
373500
0
373500
195
451000
0
451000
200
529000
0
529000
220
851000
0
851000
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.