This page reflects MATX 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 — MATX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $195.00 (8.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$8.20
±4.0%
Days to Expiry
15
Calendar days
Total Call OI
1,342
Nearest expiry
Total Put OI
30
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$203.53
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
$170.00
5/15/2026, 11:22:31 PM
2026-06-18
$150.00
6/18/2026, 11:20:46 PM
2026-07-17NextUpdated
$195.00
7/3/2026, 11:18:47 PM
2026-09-18
$155.00
7/3/2026, 11:18:47 PM
2026-12-18
$165.00
7/3/2026, 11:18:47 PM
2027-01-15
$100.00
7/3/2026, 11:18:47 PM
Selected expiration: 2026-07-17 at max pain $195.00.
MATX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
132000
132000
150
2000
102000
104000
155
3000
87500
90500
175
7000
33500
40500
180
8000
21000
29000
185
11000
11500
22500
190
14000
4000
18000
195
17500
0
17500
200
97000
0
97000
210
471000
0
471000
220
1799000
0
1799000
230
3136000
0
3136000
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.