Marathon Petroleum CorporationClose $266.35EOD only
Max Pain
$220.00
Next expiry Jul 17, 2026
Expected Move
±$15.65
5.9% from close
Price Gap
-46.35
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.61
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — MPC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (46.35 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
±$15.65
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
12,012
Nearest expiry
Total Put OI
4,173
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$266.35
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
$230.00
5/15/2026, 11:28:39 PM
2026-06-18
$230.00
6/18/2026, 11:20:39 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:21:15 PM
2026-08-21
$250.00
7/3/2026, 11:21:15 PM
2026-09-18
$230.00
7/3/2026, 11:21:15 PM
2026-10-16
$220.00
7/3/2026, 11:21:15 PM
2026-12-18
$190.00
7/3/2026, 11:21:15 PM
2027-01-15
$180.00
7/3/2026, 11:21:15 PM
2027-03-19
$230.00
7/3/2026, 11:21:15 PM
2027-06-17
$195.00
7/3/2026, 11:21:15 PM
Selected expiration: 2026-07-17 at max pain $220.00.
MPC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
47020500
47020500
115
0
44936000
44936000
120
0
42851500
42851500
125
1000
40768500
40769500
130
2000
38685500
38687500
135
3000
36602500
36605500
140
4000
34522500
34526500
145
5500
32544500
32550000
150
7500
30576500
30584000
155
10500
28611500
28622000
160
13500
26660000
26673500
165
17000
24717500
24734500
170
20500
22777000
22797500
175
64500
20854500
20919000
180
157500
18951000
19108500
185
365500
17092500
17458000
190
594500
15277500
15872000
195
910500
13492000
14402500
200
1253000
11733000
12986000
210
2307000
8431000
10738000
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.