This page reflects MRCY 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 — MRCY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $92.50 (7.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$92.50
Nearest expiry
Expected Move
±$7.10
±8.4%
Days to Expiry
14
Calendar days
Total Call OI
1,282
Nearest expiry
Total Put OI
722
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$84.87
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
$105.00
8/21/2026, 11:22:54 PM
2026-09-18
$90.00
9/18/2026, 11:19:26 PM
2026-10-16NextUpdated
$92.50
10/2/2026, 11:21:20 PM
2026-11-20
$87.50
10/2/2026, 11:21:20 PM
2026-12-18
$95.00
10/2/2026, 11:21:20 PM
2027-01-15
$80.00
10/2/2026, 11:21:20 PM
2027-03-19
$90.00
10/2/2026, 11:21:20 PM
2027-04-16
$87.50
10/2/2026, 11:21:20 PM
2027-05-21
$80.00
10/2/2026, 11:21:20 PM
2027-06-17
$90.00
10/2/2026, 11:21:20 PM
2027-07-16
$60.00
10/2/2026, 11:21:20 PM
Selected expiration: 2026-10-16 at max pain $92.50.
MRCY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
3518500
3518500
42.5
0
2977000
2977000
45
500
2799250
2799750
47.5
1000
2621500
2622500
50
1500
2443750
2445250
55
3500
2088250
2091750
57.5
4500
1910500
1915000
60
6000
1732750
1738750
65
9000
1377250
1386250
67.5
10500
1202750
1213250
70
12000
1028500
1040500
72.5
13500
857000
870500
75
15000
691500
706500
77.5
16500
568250
584750
80
18250
455000
473250
82.5
22250
360250
382500
85
31000
277500
308500
87.5
55750
200250
256000
90
97000
126750
223750
92.5
149000
60500
209500
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.