This page reflects MARA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — MARA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $12.00 (0.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.91
±8.1%
Days to Expiry
7
Calendar days
Total Call OI
48,296
Nearest expiry
Total Put OI
36,594
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$11.23
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$12.50
9/25/2026, 11:20:25 PM
2026-10-02Updated
$11.50
10/2/2026, 11:21:34 PM
2026-10-09Next
$12.00
10/2/2026, 11:21:34 PM
2026-10-16
$12.00
10/2/2026, 11:21:34 PM
2026-10-23
$12.00
10/2/2026, 11:21:34 PM
2026-10-30
$12.00
10/2/2026, 11:21:34 PM
2026-11-06
$13.00
10/2/2026, 11:21:34 PM
2026-11-20
$11.00
10/2/2026, 11:21:34 PM
2026-12-18
$11.00
10/2/2026, 11:21:34 PM
2027-01-15
$12.00
10/2/2026, 11:21:34 PM
2027-03-19
$9.00
10/2/2026, 11:21:34 PM
2027-06-17
$13.00
10/2/2026, 11:21:34 PM
Selected expiration: 2026-10-09 at max pain $12.00.
MARA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
25553300
25553300
5
2300
21894500
21896800
6
6100
18236500
18242600
6.5
8050
16408350
16416400
7
10450
14581750
14592200
7.5
13050
12756000
12769050
8
15900
10932750
10948650
8.5
21000
9114800
9135800
9
27200
7308800
7336000
9.5
37350
5872450
5909800
10
48400
4460150
4508550
10.5
73100
3089200
3162300
11
133050
2035200
2168250
11.5
289800
1090050
1379850
12
696650
346400
1043050
12.5
1531800
203600
1735400
13
2553500
102750
2656250
13.5
3786350
52250
3838600
14
5498100
18550
5516650
14.5
7316100
8400
7324500
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.