This page reflects MRSH 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 — MRSH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $160.00 (3.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$9.50
±5.8%
Days to Expiry
29
Calendar days
Total Call OI
1,538
Nearest expiry
Total Put OI
169
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$163.38
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
$180.00
4/17/2026, 11:26:09 PM
2026-05-15
$165.00
5/15/2026, 11:25:07 PM
2026-06-18NextUpdated
$160.00
5/20/2026, 11:25:39 PM
2026-07-17
$170.00
5/20/2026, 11:25:39 PM
2026-10-16
$175.00
5/20/2026, 11:25:39 PM
2027-01-15
$180.00
5/20/2026, 11:25:39 PM
2027-03-19
$155.00
5/20/2026, 11:25:39 PM
Selected expiration: 2026-06-18 at max pain $160.00.
MRSH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
657000
657000
135
0
405000
405000
140
0
321500
321500
145
0
239500
239500
150
0
163000
163000
155
0
93000
93000
160
1500
41000
42500
165
38000
23000
61000
170
82500
12500
95000
175
143500
6500
150000
180
383000
2500
385500
185
644000
0
644000
190
1081500
0
1081500
195
1748500
0
1748500
200
2515500
0
2515500
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.