This page reflects MCY 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 — MCY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $90.00 (20.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$2.90
±2.6%
Days to Expiry
15
Calendar days
Total Call OI
522
Nearest expiry
Total Put OI
110
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$110.48
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
$80.00
5/15/2026, 11:24:18 PM
2026-06-18
$90.00
6/18/2026, 11:21:50 PM
2026-07-17NextUpdated
$90.00
7/3/2026, 11:19:02 PM
2026-08-21
$85.00
7/3/2026, 11:19:02 PM
2026-09-18
$70.00
7/3/2026, 11:19:02 PM
2026-12-18
$75.00
7/3/2026, 11:19:02 PM
Selected expiration: 2026-07-17 at max pain $90.00.
MCY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
240000
240000
65
0
185000
185000
70
0
130000
130000
75
0
75500
75500
80
0
21000
21000
85
0
6500
6500
90
0
3000
3000
95
234000
1000
235000
100
468000
0
468000
105
705000
0
705000
110
946000
0
946000
115
1203000
0
1203000
125
1722000
0
1722000
130
1982500
0
1982500
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.