This page reflects MARA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — MARA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $14.00 (1.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$1.27
±10.2%
Days to Expiry
8
Calendar days
Total Call OI
82,267
Nearest expiry
Total Put OI
36,460
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$12.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$14.00
6/26/2026, 11:19:21 PM
2026-07-02
$14.00
7/2/2026, 11:19:20 PM
2026-07-10NextUpdated
$14.00
7/3/2026, 11:21:06 PM
2026-07-17
$14.00
7/3/2026, 11:21:06 PM
2026-07-24
$13.00
7/3/2026, 11:21:06 PM
2026-07-31
$14.00
7/3/2026, 11:21:06 PM
2026-08-07
$13.50
7/3/2026, 11:21:06 PM
2026-08-21
$14.00
7/3/2026, 11:21:06 PM
2026-09-18
$12.00
7/3/2026, 11:21:06 PM
2026-12-18
$11.00
7/3/2026, 11:21:06 PM
2027-01-15
$13.00
7/3/2026, 11:21:06 PM
2027-06-17
$13.00
7/3/2026, 11:21:06 PM
Selected expiration: 2026-07-10 at max pain $14.00.
MARA pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
27200250
27200250
6
1300
23554250
23555550
7
3900
19908450
19912350
8
7100
16263450
16270550
8.5
10300
14440950
14451250
9
14000
12618500
12632500
9.5
19150
10798150
10817300
10
27450
9278450
9305900
10.5
42700
7775200
7817900
11
61800
6288300
6350100
11.5
100750
5086300
5187050
12
150700
3926150
4076850
12.5
217650
2947350
3165000
13
291150
2037200
2328350
13.5
442300
1347500
1789800
14
664500
754600
1419100
14.5
1952350
412200
2364550
15
3649350
99750
3749100
15.5
6423850
56350
6480200
16
9535050
37250
9572300
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.