This page reflects MDLZ 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 — MDLZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $59.00 (2.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$59.00
Nearest expiry
Expected Move
±$1.65
±2.7%
Days to Expiry
2
Calendar days
Total Call OI
1,416
Nearest expiry
Total Put OI
202
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$61.84
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$58.00
5/8/2026, 11:19:07 PM
2026-05-15
$58.00
5/15/2026, 11:20:57 PM
2026-05-22NextUpdated
$59.00
5/20/2026, 11:22:32 PM
2026-05-29
$61.00
5/20/2026, 11:22:32 PM
2026-06-05
$57.00
5/20/2026, 11:22:32 PM
2026-06-12
$61.00
5/20/2026, 11:22:32 PM
2026-06-18
$60.00
5/20/2026, 11:22:32 PM
2026-06-26
$60.00
5/20/2026, 11:22:32 PM
2026-07-17
$60.00
5/20/2026, 11:22:32 PM
2026-09-18
$57.50
5/20/2026, 11:22:32 PM
2026-12-18
$57.50
5/20/2026, 11:22:32 PM
2027-01-15
$60.00
5/20/2026, 11:22:32 PM
2027-03-19
$60.00
5/20/2026, 11:22:32 PM
Selected expiration: 2026-05-22 at max pain $59.00.
MDLZ pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
325100
325100
44
1600
244300
245900
45
2200
224100
226300
47
4200
183700
187900
48
6400
163500
169900
49
8800
143300
152100
50
11500
126500
138000
51
14500
110400
124900
52
17800
96100
113900
53
21300
82400
103700
54
25300
69000
94300
55
29400
55700
85100
56
34900
43500
78400
57
40600
32100
72700
58
47000
22800
69800
59
53800
15000
68800
60
62500
7800
70300
61
81200
3900
85100
62
104200
2400
106600
63
148200
1600
149800
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.