Magnolia Oil & Gas CorporationClose $29.76EOD only
Max Pain
$25.00
Next expiry Jun 18, 2026
Expected Move
±$2.25
7.6% from close
Price Gap
-4.76
Distance to max pain
IV Rank
3
Low premium
P/C OI
0.07
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects MGY 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 — MGY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $25.00 (4.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.25
±7.6%
Days to Expiry
29
Calendar days
Total Call OI
2,423
Nearest expiry
Total Put OI
303
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$29.76
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$30.00
4/17/2026, 11:19:29 PM
2026-05-15
$30.00
5/15/2026, 11:22:57 PM
2026-06-18NextUpdated
$25.00
5/20/2026, 11:23:11 PM
2026-09-18
$25.00
5/20/2026, 11:23:11 PM
2026-12-18
$20.00
5/20/2026, 11:23:11 PM
Selected expiration: 2026-06-18 at max pain $25.00.
MGY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
471250
471250
15
0
396250
396250
17.5
0
321250
321250
20
250
246250
246500
22.5
2250
171750
174000
25
13250
101000
114250
30
120250
21000
141250
35
1143750
0
1143750
40
2354250
0
2354250
45
3564750
0
3564750
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.