This page reflects MCO 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 — MCO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $460.00 (30.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$460.00
Nearest expiry
Expected Move
±$9.00
±1.8%
Days to Expiry
15
Calendar days
Total Call OI
2,836
Nearest expiry
Total Put OI
965
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$490.51
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
$460.00
5/15/2026, 11:25:12 PM
2026-06-18
$450.00
6/18/2026, 11:19:58 PM
2026-07-17NextUpdated
$460.00
7/3/2026, 11:18:10 PM
2026-08-21
$450.00
7/3/2026, 11:18:10 PM
2026-11-20
$450.00
7/3/2026, 11:18:10 PM
2027-01-15
$450.00
7/3/2026, 11:18:10 PM
2027-02-19
$390.00
7/3/2026, 11:18:10 PM
Selected expiration: 2026-07-17 at max pain $460.00.
MCO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
12665000
12665000
310
1000
11702000
11703000
320
2000
10741000
10743000
330
3000
9781000
9784000
340
5000
8823000
8828000
350
7000
7867000
7874000
360
10000
6923000
6933000
370
13000
5981000
5994000
380
18000
5061000
5079000
390
23000
4156000
4179000
400
31000
3275000
3306000
410
40000
2439000
2479000
420
53000
1663000
1716000
430
67000
1100000
1167000
440
126000
684000
810000
450
343000
337000
680000
460
586000
65000
651000
470
929000
0
929000
480
1438000
0
1438000
490
2957000
0
2957000
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.