Marathon Petroleum CorporationClose $422.33EOD only
Max Pain
$370.00
Next expiry Oct 16, 2026
Expected Move
±$30.20
7.2% from close
Price Gap
-52.33
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.21
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — MPC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $370.00 (52.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$370.00
Nearest expiry
Expected Move
±$30.20
±7.2%
Days to Expiry
14
Calendar days
Total Call OI
12,401
Nearest expiry
Total Put OI
19,367
Nearest expiry
P/C OI Ratio
1.56
Put-heavy
Spot Price
$422.33
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$350.00
8/21/2026, 11:23:21 PM
2026-09-18
$370.00
9/18/2026, 11:22:57 PM
2026-10-16NextUpdated
$370.00
10/2/2026, 11:20:45 PM
2026-11-20
$400.00
10/2/2026, 11:20:45 PM
2026-12-18
$320.00
10/2/2026, 11:20:45 PM
2027-01-15
$310.00
10/2/2026, 11:20:45 PM
2027-03-19
$290.00
10/2/2026, 11:20:45 PM
2027-04-16
$360.00
10/2/2026, 11:20:45 PM
2027-06-17
$320.00
10/2/2026, 11:20:45 PM
2027-09-17
$380.00
10/2/2026, 11:20:45 PM
Selected expiration: 2026-10-16 at max pain $370.00.
MPC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
445388500
445388500
120
0
425803500
425803500
125
500
416108500
416109000
130
2000
406417000
406419000
135
3500
396725500
396729000
140
5500
387036500
387042000
145
8000
377351000
377359000
150
10500
367676000
367686500
155
13500
358103500
358117000
160
17000
348532000
348549000
165
20500
338963000
338983500
170
26000
329395000
329421000
175
34000
319834500
319868500
180
44000
310281500
310325500
185
54000
300728500
300782500
190
65500
291222500
291288000
195
80000
281720000
281800000
200
96000
272227000
272323000
210
239000
253285000
253524000
220
401000
234425000
234826000
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.