This page reflects MLTX 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 — MLTX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (1.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$3.27
±17.3%
Days to Expiry
15
Calendar days
Total Call OI
4,645
Nearest expiry
Total Put OI
2,218
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$18.95
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$12.50
5/15/2026, 11:26:19 PM
2026-06-18
$18.00
6/18/2026, 11:19:36 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:19:13 PM
2026-08-21
$18.00
7/3/2026, 11:19:13 PM
2026-11-20
$15.00
7/3/2026, 11:19:13 PM
2027-01-15
$7.50
7/3/2026, 11:19:13 PM
Selected expiration: 2026-07-17 at max pain $20.00.
MLTX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
2160600
2160600
11
0
1939300
1939300
12
0
1718200
1718200
13
200
1497400
1497600
14
600
1276900
1277500
15
1300
1060300
1061600
16
2100
846100
848200
17
5700
646800
652500
18
10900
459600
470500
19
35000
315100
350100
20
73300
184800
258100
21
184800
84800
269600
22
308100
0
308100
23
539900
0
539900
24
797600
0
797600
25
1066600
0
1066600
26
1357500
0
1357500
27
1650900
0
1650900
29
2237900
0
2237900
30
2531900
0
2531900
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.