Madrigal Pharmaceuticals, Inc.Close $528.10EOD only
Max Pain
$510.00
Next expiry Jul 17, 2026
Expected Move
±$37.35
7.1% from close
Price Gap
-18.10
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.35
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — MDGL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $510.00 (18.10 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
±$37.35
±7.1%
Days to Expiry
15
Calendar days
Total Call OI
6,322
Nearest expiry
Total Put OI
2,158
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$528.10
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
$510.00
5/15/2026, 11:25:45 PM
2026-06-18
$510.00
6/18/2026, 11:19:52 PM
2026-07-17NextUpdated
$510.00
7/3/2026, 11:17:23 PM
2026-08-21
$510.00
7/3/2026, 11:17:23 PM
2026-10-16
$500.00
7/3/2026, 11:17:23 PM
2026-12-18
$500.00
7/3/2026, 11:17:23 PM
2027-01-15
$440.00
7/3/2026, 11:17:23 PM
2027-03-19
$480.00
7/3/2026, 11:17:23 PM
Selected expiration: 2026-07-17 at max pain $510.00.
MDGL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
58366000
58366000
230
2000
56219000
56221000
240
7000
54083000
54090000
250
13000
51952000
51965000
260
22000
49832000
49854000
270
31000
47713000
47744000
280
41000
45596000
45637000
290
52000
43503000
43555000
300
64000
41410000
41474000
310
77000
39317000
39394000
320
92000
37224000
37316000
330
110000
35131000
35241000
340
129000
33039000
33168000
350
150000
30950000
31100000
360
176000
28868000
29044000
370
203000
26794000
26997000
380
232000
24734000
24966000
390
262000
22688000
22950000
400
295000
20660000
20955000
410
329000
18647000
18976000
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.