thetaOwl

MLM

Martin Marietta Materials, Inc.Close $599.42EOD only
Max Pain
$590.00
Next expiry Jul 17, 2026
Expected Move
±$27.75
4.6% from close
Price Gap
-9.42
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.45
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects MLM 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 — MLM
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-17 shows max pain at $590.00 (9.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$590.00
Nearest expiry
Expected Move
±$27.75
±4.6%
Days to Expiry
15
Calendar days
Total Call OI
641
Nearest expiry
Total Put OI
635
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$599.42
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-17
ExpirationMax Pain StrikeLast Updated
2026-05-15$590.005/15/2026, 11:27:05 PM
2026-06-18$590.006/18/2026, 11:20:10 PM
2026-07-17NextUpdated$590.007/3/2026, 11:21:02 PM
2026-08-21$570.007/3/2026, 11:21:02 PM
2026-10-16$590.007/3/2026, 11:21:02 PM
2026-11-20$600.007/3/2026, 11:21:02 PM
2027-01-15$400.007/3/2026, 11:21:02 PM
Selected expiration: 2026-07-17 at max pain $590.00.
MLM pain by strike for 2026-07-17 expiration
StrikeCall PainPut PainTotal Pain
31001558400015584000
36001243900012439000
37001181400011814000
38001119400011194000
400099580009958000
410093430009343000
420087280008728000
430081130008113000
440074980007498000
450068900006890000
460062890006289000
470057060005706000
480051290005129000
490100045660004567000
500200040120004014000
5106800034730003541000
52013400029420003076000
53020000024210002621000
54026800019040002172000
55033600013960001732000
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.