What is the max pain price for NVDA?

As of 2026-07-10, the max pain price for NVDA options expiring 2026-07-13 is $197.5. Max pain is the strike at which option buyers collectively lose the most value at expiration, computed from open interest.

What does max pain mean in options trading?

Max pain is the settlement price that minimizes the total intrinsic value paid out to option holders at expiration. Some traders watch it because prices are hypothesized to drift toward this level into expiry, though academic evidence is mixed.

NVDA Max Pain

NVDA · open interest as of 2026-07-10 · spot $210.96 (2026-07-10 close) · updated nightly

Max pain · 2026-07-13

$197.5

spot is +6.82% vs max pain

Put/Call OI ratio

0.854

62,578 puts / 73,265 calls

Call wall

$205

largest call OI strike

Put wall

$175

largest put OI strike

Open interest by strike — 2026-07-13

■ Call OI ■ Put OI — strikes within ±15% of max pain.

NVDA max pain by expiration

Expiration	Max pain	Spot vs MP	P/C ratio	Call wall	Put wall	Call OI	Put OI
2026-07-10	$197.5	+6.82%	0.607	$205	$190	502,623	305,091
2026-07-13 ·	$197.5	+6.82%	0.854	$205	$175	73,265	62,578
2026-07-15	$197.5	+6.82%	0.54	$205	$170	47,650	25,725
2026-07-17	$200	+5.48%	0.732	$250	$180	997,144	729,859
2026-07-20	$197.5	+6.82%	0.238	$202.5	$195	23,404	5,573
2026-07-22	$202.5	+4.18%	0.748	$205	$202.5	4,900	3,665
2026-07-24	$200	+5.48%	0.858	$205	$100	134,025	115,053
2026-07-31	$195	+8.18%	0.76	$200	$170	178,338	135,458
2026-08-07	$195	+8.18%	0.927	$230	$180	41,209	38,193
2026-08-14	$195	+8.18%	0.555	$210	$190	15,194	8,435
2026-08-21	$200	+5.48%	0.873	$220	$200	567,043	495,071

What is max pain?

Max pain (or "maximum pain") is the strike price at which the greatest number of option buyers would lose money if NVDA settled there at expiration. For each candidate settlement price, sum the intrinsic value of every in-the-money call and put weighted by open interest; the price that minimizes that total payout is the max pain point.

Some traders watch max pain because of the theory that prices tend to gravitate toward this level as expiration approaches ("pinning"). The academic evidence is mixed — treat it as a read on positioning, not a prediction. The call wall and put wall (largest single-strike open interest) are often watched as near-term resistance and support zones for the same reason. Full walkthrough with a worked example: what is max pain?

More NVDA options data

Same open interest, different lens: the NVDA gamma exposure (GEX) dashboard shows how dealer hedging of these contracts may dampen or amplify moves — net GEX, gamma flip level, and gamma walls.

Max pain for other tickers

AAPL max pain $310 TSLA max pain $400 DIA max pain $520 IWM max pain $298 QQQ max pain $720 RSP max pain $210 SMH max pain $597.5 SOXX max pain $585

Derived metrics computed from end-of-day open interest (methodology); not raw market data, not investment advice. Open interest settles once daily — intraday moves are not reflected.