Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Navient options about one week from expiration was $7.75. The chart above shows the exact max pain for each expiration date.

Navient closed above its near-term max pain on 20 of the last 20 trading days. On Nov 4, 2026 it closed at $9.08, 17.2% above max pain of $7.75.

Over the last 20 trading days, near-term max pain for Navient ranged from $7.49 to $8.19. It went from $7.49 on Oct 8, 2026 to $7.75 on Nov 4, 2026. See the NAVI max pain history for a longer view.

Navient Holdings Inc provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success.