This page reflects MPLX 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 — MPLX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (2.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.68
±4.7%
Days to Expiry
15
Calendar days
Total Call OI
6,114
Nearest expiry
Total Put OI
2,669
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$57.16
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
$60.00
5/15/2026, 11:24:37 PM
2026-06-18
$55.00
6/18/2026, 11:23:05 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:20:56 PM
2026-08-21
$55.00
7/3/2026, 11:20:56 PM
2026-09-18
$60.00
7/3/2026, 11:20:56 PM
2026-12-18
$55.00
7/3/2026, 11:20:56 PM
2027-01-15
$50.00
7/3/2026, 11:20:56 PM
Selected expiration: 2026-07-17 at max pain $55.00.
MPLX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
6264000
6264000
35
1000
4929500
4930500
40
4500
3595500
3600000
45
8000
2283000
2291000
50
13500
1005500
1019000
55
33000
6000
39000
60
535500
0
535500
65
3539500
0
3539500
70
6596500
0
6596500
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.