This page reflects MGM 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 — MGM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $48.00 (0.90 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$48.00
Nearest expiry
Expected Move
±$2.35
±5.0%
Days to Expiry
8
Calendar days
Total Call OI
1,021
Nearest expiry
Total Put OI
728
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$47.10
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$46.00
6/26/2026, 11:19:56 PM
2026-07-02
$48.00
7/2/2026, 11:21:51 PM
2026-07-10NextUpdated
$48.00
7/3/2026, 11:22:06 PM
2026-07-17
$43.00
7/3/2026, 11:22:06 PM
2026-07-24
$47.00
7/3/2026, 11:22:06 PM
2026-07-31
$40.00
7/3/2026, 11:22:06 PM
2026-08-07
$47.00
7/3/2026, 11:22:06 PM
2026-08-21
$40.00
7/3/2026, 11:22:06 PM
2026-09-18
$39.00
7/3/2026, 11:22:06 PM
2026-12-18
$39.00
7/3/2026, 11:22:06 PM
2027-01-15
$35.00
7/3/2026, 11:22:06 PM
2027-03-19
$37.00
7/3/2026, 11:22:06 PM
2027-06-17
$50.00
7/3/2026, 11:22:06 PM
Selected expiration: 2026-07-10 at max pain $48.00.
MGM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1148150
1148150
34
0
860550
860550
35
100
788650
788750
37
500
644850
645350
38
800
572950
573750
40
1400
437550
438950
41
2300
373350
375650
42
3200
309250
312450
43
4300
247350
251650
44
5500
196750
202250
45
6800
146450
153250
45.5
7600
121300
128900
46.5
9200
72000
81200
47
10000
49750
59750
48
12600
6150
18750
48.5
51750
4050
55800
49
91300
2700
94000
49.5
131400
1350
132750
50
172350
0
172350
51
260150
0
260150
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.