This page reflects MATX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — MATX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $145.00 (43.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$7.35
±3.9%
Days to Expiry
29
Calendar days
Total Call OI
1,155
Nearest expiry
Total Put OI
75
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$188.62
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$165.00
4/17/2026, 11:19:52 PM
2026-05-15
$170.00
5/15/2026, 11:22:31 PM
2026-06-18NextUpdated
$145.00
5/20/2026, 11:22:36 PM
2026-09-18
$145.00
5/20/2026, 11:22:36 PM
2026-12-18
$155.00
5/20/2026, 11:22:36 PM
2027-01-15
$100.00
5/20/2026, 11:22:36 PM
Selected expiration: 2026-06-18 at max pain $145.00.
MATX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
798500
798500
75
6000
573500
579500
80
7000
536500
543500
90
9000
463500
472500
95
10000
427000
437000
100
21000
391500
412500
105
32000
357000
389000
110
44500
322500
367000
115
57500
288500
346000
120
70500
254500
325000
125
85500
222000
307500
130
102000
192500
294500
135
120500
164000
284500
140
144000
135500
279500
145
167500
107500
275000
150
193500
82500
276000
155
407000
59500
466500
160
620500
41000
661500
165
835500
27000
862500
170
1052000
17000
1069000
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.