This page reflects NXT 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 — NXT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (4.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$21.65
±17.3%
Days to Expiry
29
Calendar days
Total Call OI
3,076
Nearest expiry
Total Put OI
4,309
Nearest expiry
P/C OI Ratio
1.40
Put-heavy
Spot Price
$125.42
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
$115.00
4/17/2026, 11:24:12 PM
2026-05-15
$105.00
5/15/2026, 11:26:53 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:26:31 PM
2026-07-17
$125.00
5/20/2026, 11:26:31 PM
2026-08-21
$125.00
5/20/2026, 11:26:31 PM
2026-11-20
$120.00
5/20/2026, 11:26:31 PM
2027-01-15
$90.00
5/20/2026, 11:26:31 PM
Selected expiration: 2026-06-18 at max pain $130.00.
NXT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
24174000
24174000
60
0
22020000
22020000
65
0
19867500
19867500
70
3500
17715500
17719000
75
7500
15579500
15587000
80
15500
13454500
13470000
85
24000
11346500
11370500
90
32500
9265500
9298000
95
95500
7323500
7419000
100
158500
5433500
5592000
105
267000
4232500
4499500
110
393000
3152000
3545000
115
538500
2126000
2664500
120
712000
1323000
2035000
125
949500
793500
1743000
130
1239000
445500
1684500
135
1616000
138500
1754500
140
2098500
43500
2142000
145
2853500
23000
2876500
150
3702500
9000
3711500
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.