Marathon Petroleum CorporationClose $258.37EOD only
Max Pain
$220.00
Next expiry Jun 18, 2026
Expected Move
±$23.35
9.0% from close
Price Gap
-38.37
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects MPC 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 — MPC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $220.00 (38.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$23.35
±9.0%
Days to Expiry
29
Calendar days
Total Call OI
12,424
Nearest expiry
Total Put OI
8,032
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$258.37
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
$200.00
4/17/2026, 11:18:20 PM
2026-05-15
$230.00
5/15/2026, 11:28:39 PM
2026-06-18NextUpdated
$220.00
5/20/2026, 11:22:04 PM
2026-07-17
$200.00
5/20/2026, 11:22:04 PM
2026-09-18
$210.00
5/20/2026, 11:22:04 PM
2026-10-16
$220.00
5/20/2026, 11:22:04 PM
2026-12-18
$180.00
5/20/2026, 11:22:04 PM
2027-01-15
$175.00
5/20/2026, 11:22:04 PM
2027-03-19
$230.00
5/20/2026, 11:22:04 PM
Selected expiration: 2026-06-18 at max pain $220.00.
MPC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
96716000
96716000
70
0
88835000
88835000
75
0
84894500
84894500
80
1000
80954000
80955000
90
8000
73073000
73081000
95
11500
69137500
69149000
100
15000
65203000
65218000
105
18500
61270500
61289000
110
22000
57338500
57360500
115
25500
53406500
53432000
120
29000
49528500
49557500
125
33500
45650500
45684000
130
39000
42177000
42216000
135
44500
38703500
38748000
140
50500
35230000
35280500
145
56500
32184000
32240500
150
68500
29138000
29206500
155
80500
26499500
26580000
160
92500
23963500
24056000
165
104500
21484000
21588500
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.