This page reflects MLTX 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 — MLTX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (1.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.85
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
20,528
Nearest expiry
Total Put OI
9,516
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$16.34
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
2026-06-18
$18.00
6/18/2026, 11:19:36 PM
2026-07-17
$20.00
7/17/2026, 11:26:50 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:22:19 PM
2026-09-18
$18.00
8/18/2026, 11:22:19 PM
2026-11-20
$20.00
8/18/2026, 11:22:19 PM
2027-01-15
$15.00
8/18/2026, 11:22:19 PM
2027-02-19
$13.00
8/18/2026, 11:22:19 PM
Selected expiration: 2026-08-21 at max pain $18.00.
MLTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
13083800
13083800
5
1000
11180600
11181600
6
1900
10230100
10232000
7
2800
9280600
9283400
8
3700
8331700
8335400
9
4600
7393400
7398000
10
5500
6455100
6460600
11
6400
5538100
5544500
12
7700
4626400
4634100
13
9200
3720500
3729700
14
13000
2874000
2887000
15
21100
2062000
2083100
16
129800
1324100
1453900
17
246900
770100
1017000
18
393500
419400
812900
19
582100
244600
826700
20
1010900
143500
1154400
21
1729200
64800
1794000
22
2802300
21200
2823500
23
3909100
400
3909500
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.