NREF · NexPoint Real Estate Finance, Inc.

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$16.79 +0.39 (+2.38%) At close · Jul 24

Market Cap

$316.46M

18.85M

Options Chain

15-min delayed Underlying $16.79 · at close Jul 24, 2026 Options Calculator

Positioning

Aug 21, 2026 · 26 days to expiry · 22 contracts

Put / call OI

0.58

Call-heavy positioning

Open interest

174

contracts outstanding

Volume

133

traded today

Max pain

$17.50

$0.71 above spot

ATM implied vol

72.2%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

17.5

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 26d Sep 18 54d Nov 20 117d Feb 19 208d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	6	507.8%	0.98	$12.08		—	—	—	—	0
Call · $2.5 In the money Last $12.08 Breakeven $14.58 Implied vol 507.8% Delta 0.98 ≈98% ITM Gamma 0.002 Theta -0.017 Vega 0.002 Open interest 0 Model this call Put · $2.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	11	323.8%	0.966	$11.18		—	—	—	—	0
Call · $5 In the money Last $11.18 Breakeven $16.18 Implied vol 323.8% Delta 0.966 ≈97% ITM Gamma 0.005 Theta -0.017 Vega 0.004 Open interest 0 Model this call Put · $5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	43	264.3%	0.931	$6.94		—	—	—	—	0
Call · $7.5 In the money Last $6.94 Breakeven $14.44 Implied vol 264.3% Delta 0.931 ≈93% ITM Gamma 0.011 Theta -0.027 Vega 0.005 Open interest 0 Model this call Put · $7.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		$0.30	—	—	5	5
Call · $10 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $10 Last $0.30 Breakeven $9.70 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 Model this put
0	—	146.3%	0.827	—		$1.34	—	—	1	1
Call · $12.5 In the money Last — Breakeven — Implied vol 146.3% Delta 0.827 ≈83% ITM Gamma 0.04 Theta -0.03 Vega 0.01 Open interest 0 Model this call Put · $12.5 Last $1.34 Breakeven $11.16 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this put
13	1	121.4%	0.689	$1.23		$0.13	-0.237	65%	10	39
Call · $15 In the money Last $1.23 Breakeven $16.23 Implied vol 121.4% Delta 0.689 ≈69% ITM Gamma 0.066 Theta -0.035 Vega 0.016 Open interest 13 Model this call Put · $15 Last $0.13 Breakeven $14.87 Implied vol 65% Delta -0.237 ≈24% ITM Gamma 0.107 Theta -0.018 Vega 0.015 Open interest 39 Model this put
Underlying $16.79
94	40	41.7%	0.358	$0.19		—	-0.508	102.6%	—	0
Call · $17.5 Last $0.19 Breakeven $17.69 Implied vol 41.7% Delta 0.358 ≈36% ITM Gamma 0.206 Theta -0.012 Vega 0.017 Open interest 94 Model this call Put · $17.5 In the money Last — Breakeven — Implied vol 102.6% Delta -0.508 ≈51% ITM Gamma 0.086 Theta -0.037 Vega 0.018 Open interest 0 Model this put
3	3	—	—	$0.35		$5.20	-0.704	98.9%	13	19
Call · $20 Last $0.35 Breakeven $20.35 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $20 In the money Last $5.20 Breakeven $14.80 Implied vol 98.9% Delta -0.704 ≈70% ITM Gamma 0.077 Theta -0.032 Vega 0.016 Open interest 19 Model this put
0	—	—	—	—		—	-0.89	81.5%	—	0
Call · $22.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $22.5 In the money Last — Breakeven — Implied vol 81.5% Delta -0.89 ≈89% ITM Gamma 0.049 Theta -0.015 Vega 0.009 Open interest 0 Model this put
0	—	—	—	—		—	-0.903	103.4%	—	0
Call · $25 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $25 In the money Last — Breakeven — Implied vol 103.4% Delta -0.903 ≈90% ITM Gamma 0.035 Theta -0.017 Vega 0.009 Open interest 0 Model this put
0	—	—	—	—		—	-0.97	103.3%	—	0
Call · $30 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $30 In the money Last — Breakeven — Implied vol 103.3% Delta -0.97 ≈97% ITM Gamma 0.011 Theta -0.007 Vega 0.003 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1786248 CUSIP 65342V101 13F (30d) 9 filings 9 filers Visit website Investor relations