This page reflects MAT 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 — MAT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (1.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.80
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
10,302
Nearest expiry
Total Put OI
18,812
Nearest expiry
P/C OI Ratio
1.83
Put-heavy
Spot Price
$13.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$15.00
5/15/2026, 11:23:47 PM
2026-06-18
$15.00
6/18/2026, 11:19:36 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:20:31 PM
2026-08-21
$14.00
7/3/2026, 11:20:31 PM
2026-09-18
$14.00
7/3/2026, 11:20:31 PM
2026-10-16
$15.00
7/3/2026, 11:20:31 PM
2027-01-15
$15.00
7/3/2026, 11:20:31 PM
Selected expiration: 2026-07-17 at max pain $15.00.
MAT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
20889500
20889500
4
0
19008300
19008300
5
300
17127100
17127400
10
1800
7721100
7722900
11
2100
5840000
5842100
12
2700
3958900
3961600
13
5400
2087700
2093100
14
43700
245400
289100
15
102800
21600
124400
16
287700
4000
291700
17
866100
3100
869200
18
1524800
2200
1527000
19
2475500
1300
2476800
20
3458500
400
3458900
21
4470600
300
4470900
22
5485600
200
5485800
23
6506600
100
6506700
24
7533300
0
7533300
25
8562500
0
8562500
26
9591700
0
9591700
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.