This page reflects MLTX 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 — MLTX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $18.00 (0.95 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
±$2.80
±16.4%
Days to Expiry
29
Calendar days
Total Call OI
1,072
Nearest expiry
Total Put OI
819
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$17.05
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
$17.00
4/17/2026, 11:25:10 PM
2026-05-15
$12.50
5/15/2026, 11:26:19 PM
2026-06-18NextUpdated
$18.00
5/20/2026, 11:25:11 PM
2026-07-17
$18.00
5/20/2026, 11:25:11 PM
2026-08-21
$15.00
5/20/2026, 11:25:11 PM
2026-11-20
$16.00
5/20/2026, 11:25:11 PM
2027-01-15
$7.50
5/20/2026, 11:25:11 PM
Selected expiration: 2026-06-18 at max pain $18.00.
MLTX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
506500
506500
11
700
424600
425300
12
1400
344400
345800
14
3600
187600
191200
15
5300
118000
123300
16
9300
78700
88000
17
19000
43700
62700
18
33000
24400
57400
19
67400
8700
76100
20
110000
3100
113100
21
167000
1700
168700
22
237800
1300
239100
23
312800
1100
313900
24
388900
900
389800
25
465400
700
466100
26
570400
500
570900
27
675900
300
676200
30
992400
0
992400
35
1526900
0
1526900
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.