This page reflects MDLZ 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 — MDLZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $60.00 (2.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$1.45
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
8,152
Nearest expiry
Total Put OI
12,194
Nearest expiry
P/C OI Ratio
1.50
Put-heavy
Spot Price
$62.66
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
2026-08-07
$63.00
8/7/2026, 11:22:09 PM
2026-08-14
$61.00
8/14/2026, 11:18:48 PM
2026-08-21NextUpdated
$60.00
8/18/2026, 11:19:38 PM
2026-08-28
$60.00
8/18/2026, 11:19:38 PM
2026-09-04
$62.00
8/18/2026, 11:19:38 PM
2026-09-11
$63.00
8/18/2026, 11:19:38 PM
2026-09-18
$57.50
8/18/2026, 11:19:38 PM
2026-09-25
$61.00
8/18/2026, 11:19:38 PM
2026-10-02
$57.00
8/18/2026, 11:19:38 PM
2026-12-18
$60.00
8/18/2026, 11:19:38 PM
2027-01-15
$60.00
8/18/2026, 11:19:38 PM
2027-03-19
$60.00
8/18/2026, 11:19:38 PM
2027-06-17
$62.50
8/18/2026, 11:19:38 PM
Selected expiration: 2026-08-21 at max pain $60.00.
MDLZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
21465400
21465400
45
0
15369400
15369400
47.5
500
12321650
12322150
50
1500
9275150
9276650
52.5
3000
6238150
6241150
53
3450
5637450
5640900
54
4350
4437150
4441500
55
5250
3236950
3242200
56
6550
2093550
2100100
57
7850
952450
960300
57.5
8500
385250
393750
58
9750
326000
335750
59
12450
209000
221450
60
15250
96000
111250
61
88650
41700
130350
62
206450
12000
218450
62.5
272500
5900
278400
63
372800
3950
376750
64
634200
2750
636950
65
906800
1550
908350
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.