This page reflects NXT 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 — NXT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $115.00 (23.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$4.30
±4.7%
Days to Expiry
3
Calendar days
Total Call OI
12,483
Nearest expiry
Total Put OI
12,673
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$91.15
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
$130.00
6/18/2026, 11:25:12 PM
2026-07-17
$110.00
7/17/2026, 11:29:27 PM
2026-08-21NextUpdated
$115.00
8/18/2026, 11:31:37 PM
2026-09-18
$105.00
8/18/2026, 11:31:37 PM
2026-11-20
$120.00
8/18/2026, 11:31:37 PM
2027-01-15
$105.00
8/18/2026, 11:31:37 PM
2027-02-19
$95.00
8/18/2026, 11:31:37 PM
Selected expiration: 2026-08-21 at max pain $115.00.
NXT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
57771000
57771000
50
2000
51437500
51439500
55
4500
45106000
45110500
60
7500
38805500
38813000
65
17000
32660500
32677500
70
28500
26684000
26712500
75
46000
21148500
21194500
80
71500
16268000
16339500
85
110000
12478500
12588500
90
152000
8909500
9061500
95
237500
6622000
6859500
100
376000
5046500
5422500
105
731500
3657000
4388500
110
1426500
2346500
3773000
115
2236000
1383000
3619000
120
3318000
532500
3850500
125
4835000
295500
5130500
130
7010500
85500
7096000
135
10004500
43000
10047500
140
13543000
31500
13574500
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.