What is MRNA max pain this week?

MRNA max pain for the nearest expiration (2026-05-22) is $50.00. Total call open interest: 49,352. Total put open interest: 9,774.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options MRNAMax Pain

MRNA

Moderna, Inc.Close $48.12EOD only

Max Pain

$50.00

Next expiry May 22, 2026

Expected Move

±$2.29

4.8% from close

Price Gap

+1.88

Distance to max pain

IV Rank

Low premium

P/C OI

0.86

Slightly call-heavy

Consensus

3/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects MRNA 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 — MRNA

Data as of market close May 20, 2026

Open Available Reports (3/4)

Nearest listed expiration 2026-05-22 shows max pain at $50.00 (1.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$50.00

Nearest expiry

Expected Move

±$2.29

±4.8%

Days to Expiry

Calendar days

Total Call OI

49,352

Nearest expiry

Total Put OI

9,774

Nearest expiry

P/C OI Ratio

0.20

Put-heavy

Spot Price

$48.12

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-05-22

Expiration	Max Pain Strike	Last Updated
2026-05-08	$46.00	5/8/2026, 11:20:27 PM
2026-05-15	$42.00	5/15/2026, 11:25:03 PM
2026-05-22NextUpdated	$50.00	5/20/2026, 11:25:44 PM
2026-05-29	$50.00	5/20/2026, 11:25:44 PM
2026-06-05	$52.00	5/20/2026, 11:25:44 PM
2026-06-12	$51.00	5/20/2026, 11:25:44 PM
2026-06-18	$40.00	5/20/2026, 11:25:44 PM
2026-06-26	$50.00	5/20/2026, 11:25:44 PM
2026-07-17	$50.00	5/20/2026, 11:25:44 PM
2026-08-21	$49.00	5/20/2026, 11:25:44 PM
2026-09-18	$41.00	5/20/2026, 11:25:44 PM
2026-10-16	$50.00	5/20/2026, 11:25:44 PM
2026-12-18	$45.00	5/20/2026, 11:25:44 PM
2027-01-15	$40.00	5/20/2026, 11:25:44 PM
2027-03-19	$45.00	5/20/2026, 11:25:44 PM

Selected expiration: 2026-05-22 at max pain $50.00.

MRNA pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
30	0	18759000	18759000
35	8000	13874500	13882500
36	11200	12898300	12909500
36.5	13100	12410500	12423600
37	15700	11922700	11938400
38	22000	10947200	10969200
38.5	30450	10461000	10491450
39	38900	9974950	10013850
39.5	51150	9492800	9543950
40	63400	9011150	9074550
40.5	76650	8532100	8608750
41	89900	8053750	8143650
41.5	103450	7578150	7681600
42	117000	7102900	7219900
42.5	131200	6637150	6768350
43	148600	6174050	6322650
43.5	166150	5715400	5881550
44	183800	5275800	5459600
44.5	202350	4853800	5056150
45	221300	4436350	4657650

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.