This page reflects MRCY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — MRCY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $90.00 (4.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$11.40
±12.0%
Days to Expiry
29
Calendar days
Total Call OI
653
Nearest expiry
Total Put OI
338
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$94.81
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$82.50
4/17/2026, 11:25:55 PM
2026-05-15
$80.00
5/15/2026, 11:24:29 PM
2026-06-18NextUpdated
$90.00
5/20/2026, 11:24:52 PM
2026-07-17
$80.00
5/20/2026, 11:24:52 PM
2026-09-18
$75.00
5/20/2026, 11:24:52 PM
2026-10-16
$95.00
5/20/2026, 11:24:52 PM
2026-11-20
$87.50
5/20/2026, 11:24:52 PM
2026-12-18
$85.00
5/20/2026, 11:24:52 PM
2027-01-15
$100.00
5/20/2026, 11:24:52 PM
Selected expiration: 2026-06-18 at max pain $90.00.
MRCY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
1170500
1170500
50
0
1086250
1086250
55
500
918250
918750
60
1000
752750
753750
65
1500
610250
611750
67.5
2250
540000
542250
70
3000
470500
473500
72.5
3750
401500
405250
75
4500
333750
338250
77.5
5250
270500
275750
80
6000
207500
213500
82.5
8750
147250
156000
85
12000
118500
130500
87.5
19500
90250
109750
90
27500
72000
99500
92.5
51000
53750
104750
95
78500
35500
114000
97.5
123500
27250
150750
100
173750
19000
192750
105
326750
2500
329250
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.