Madrigal Pharmaceuticals, Inc.Close $524.37EOD only
Max Pain
$510.00
Next expiry Aug 21, 2026
Expected Move
±$16.95
3.2% from close
Price Gap
-14.37
Distance to max pain
IV Rank
20
Low premium
P/C OI
0.53
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — MDGL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $510.00 (14.37 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
±$16.95
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
1,060
Nearest expiry
Total Put OI
1,535
Nearest expiry
P/C OI Ratio
1.45
Put-heavy
Spot Price
$524.37
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$510.00
6/18/2026, 11:19:52 PM
2026-07-17
$510.00
7/17/2026, 11:24:22 PM
2026-08-21NextUpdated
$510.00
8/18/2026, 11:26:56 PM
2026-09-18
$480.00
8/18/2026, 11:26:56 PM
2026-10-16
$490.00
8/18/2026, 11:26:56 PM
2026-12-18
$500.00
8/18/2026, 11:26:56 PM
2027-01-15
$430.00
8/18/2026, 11:26:56 PM
2027-03-19
$450.00
8/18/2026, 11:26:56 PM
Selected expiration: 2026-08-21 at max pain $510.00.
MDGL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
320
0
23626000
23626000
330
3000
22091000
22094000
340
11000
20556000
20567000
350
20000
19021000
19041000
360
34000
17486000
17520000
370
56000
15951000
16007000
380
78000
14418000
14496000
390
100000
12885000
12985000
400
124000
11353000
11477000
410
148000
9835000
9983000
420
192000
8331000
8523000
430
256000
6882000
7138000
440
321000
5461000
5782000
450
387000
4055000
4442000
460
453000
3171000
3624000
470
528000
2371000
2899000
480
607000
1625000
2232000
490
709000
1159000
1868000
500
817000
710000
1527000
510
950000
279000
1229000
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.