Marathon Petroleum CorporationClose $360.75EOD only
Max Pain
$350.00
Next expiry Aug 21, 2026
Expected Move
±$9.20
2.5% from close
Price Gap
-10.75
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 19, 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
Aug 19, 2026 close
Max Pain — MPC
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $350.00 (10.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$9.20
±2.5%
Days to Expiry
2
Calendar days
Total Call OI
5,870
Nearest expiry
Total Put OI
5,994
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$360.75
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
$230.00
6/18/2026, 11:20:39 PM
2026-07-17
$240.00
7/17/2026, 11:25:56 PM
2026-08-21NextUpdated
$350.00
8/19/2026, 11:26:21 PM
2026-09-18
$280.00
8/19/2026, 11:26:21 PM
2026-10-16
$280.00
8/19/2026, 11:26:21 PM
2026-12-18
$260.00
8/19/2026, 11:26:21 PM
2027-01-15
$200.00
8/19/2026, 11:26:21 PM
2027-03-19
$240.00
8/19/2026, 11:26:21 PM
2027-06-17
$240.00
8/19/2026, 11:26:21 PM
Selected expiration: 2026-08-21 at max pain $350.00.
MPC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
68367000
68367000
160
0
65394500
65394500
165
0
62440500
62440500
170
0
59535500
59535500
175
0
56635000
56635000
180
0
53734500
53734500
185
0
50835000
50835000
195
0
45036000
45036000
200
0
42139000
42139000
210
0
36347000
36347000
220
0
31673000
31673000
230
0
27142000
27142000
240
1000
22980000
22981000
250
21000
19043000
19064000
260
64000
15355000
15419000
270
144000
12354000
12498000
280
255000
9857000
10112000
290
421000
7592000
8013000
300
617000
5553000
6170000
310
868000
3858000
4726000
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.