This page reflects MDLN 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 — MDLN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (0.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.52
±7.1%
Days to Expiry
14
Calendar days
Total Call OI
3,124
Nearest expiry
Total Put OI
5,270
Nearest expiry
P/C OI Ratio
1.69
Put-heavy
Spot Price
$35.61
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
$37.50
8/21/2026, 11:23:09 PM
2026-09-18
$32.50
9/18/2026, 11:21:23 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:17:42 PM
2026-11-20
$37.50
10/2/2026, 11:17:42 PM
2027-01-15
$35.00
10/2/2026, 11:17:42 PM
2027-02-19
$32.50
10/2/2026, 11:17:42 PM
2027-05-21
$20.00
10/2/2026, 11:17:42 PM
Selected expiration: 2026-10-16 at max pain $35.00.
MDLN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
5154250
5154250
22.5
2000
3836750
3838750
25
6750
2519250
2526000
27.5
11500
1202250
1213750
30
16250
637500
653750
32.5
28500
101500
130000
35
47500
6500
54000
37.5
608750
0
608750
40
1301500
0
1301500
42.5
2073000
0
2073000
45
2846500
0
2846500
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.