Madrigal Pharmaceuticals, Inc.Close $513.47EOD only
Max Pain
$510.00
Next expiry Jun 18, 2026
Expected Move
±$49.85
9.7% from close
Price Gap
-3.47
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.26
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects MDGL 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 — MDGL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $510.00 (3.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$510.00
Nearest expiry
Expected Move
±$49.85
±9.7%
Days to Expiry
29
Calendar days
Total Call OI
2,662
Nearest expiry
Total Put OI
1,866
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$513.47
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
$450.00
4/17/2026, 11:20:20 PM
2026-05-15
$510.00
5/15/2026, 11:25:45 PM
2026-06-18NextUpdated
$510.00
5/20/2026, 11:19:37 PM
2026-07-17
$450.00
5/20/2026, 11:19:37 PM
2026-10-16
$500.00
5/20/2026, 11:19:37 PM
2026-12-18
$500.00
5/20/2026, 11:19:37 PM
2027-01-15
$440.00
5/20/2026, 11:19:37 PM
2027-03-19
$480.00
5/20/2026, 11:19:37 PM
Selected expiration: 2026-06-18 at max pain $510.00.
MDGL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
330
0
32335000
32335000
340
0
30473000
30473000
370
3000
24893000
24896000
380
4000
23035000
23039000
390
7000
21177000
21184000
420
19000
15606000
15625000
430
26000
13750000
13776000
440
40000
11930000
11970000
450
59000
10112000
10171000
460
98000
8303000
8401000
470
143000
6520000
6663000
480
190000
4888000
5078000
490
238000
3338000
3576000
500
287000
1788000
2075000
510
357000
359000
716000
520
450000
289000
739000
530
570000
239000
809000
540
701000
202000
903000
550
1857000
173000
2030000
560
3024000
154000
3178000
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.