Madrigal Pharmaceuticals, Inc.Close $499.40EOD only
Max Pain
$500.00
Next expiry Oct 16, 2026
Expected Move
±$31.10
6.2% from close
Price Gap
+0.60
Distance to max pain
IV Rank
25
Low premium
P/C OI
0.41
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — MDGL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $500.00 (0.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$500.00
Nearest expiry
Expected Move
±$31.10
±6.2%
Days to Expiry
14
Calendar days
Total Call OI
2,499
Nearest expiry
Total Put OI
746
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$499.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$510.00
8/21/2026, 11:21:37 PM
2026-09-18
$520.00
9/18/2026, 11:20:57 PM
2026-10-16NextUpdated
$500.00
10/2/2026, 11:20:59 PM
2026-11-20
$480.00
10/2/2026, 11:20:59 PM
2026-12-18
$500.00
10/2/2026, 11:20:59 PM
2027-01-15
$440.00
10/2/2026, 11:20:59 PM
2027-03-19
$450.00
10/2/2026, 11:20:59 PM
2027-04-16
$300.00
10/2/2026, 11:20:59 PM
Selected expiration: 2026-10-16 at max pain $500.00.
MDGL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
18978000
18978000
230
0
18232000
18232000
240
2000
17493000
17495000
250
7000
16760000
16767000
260
17000
16027000
16044000
270
28000
15294000
15322000
280
42000
14561000
14603000
290
57000
13828000
13885000
300
74000
13111000
13185000
310
110000
12395000
12505000
320
147000
11679000
11826000
340
221000
10247000
10468000
350
260000
9531000
9791000
360
299000
8825000
9124000
370
338000
8119000
8457000
380
377000
7415000
7792000
390
417000
6711000
7128000
400
460000
6008000
6468000
410
654000
5305000
5959000
420
851000
4609000
5460000
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.