This page reflects MRSH 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 — MRSH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $165.00 (13.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$6.35
±3.6%
Days to Expiry
15
Calendar days
Total Call OI
1,526
Nearest expiry
Total Put OI
453
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$178.54
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
$165.00
5/15/2026, 11:25:07 PM
2026-06-18
$165.00
6/18/2026, 11:21:00 PM
2026-07-17NextUpdated
$165.00
7/3/2026, 11:18:29 PM
2026-08-21
$165.00
7/3/2026, 11:18:29 PM
2026-10-16
$175.00
7/3/2026, 11:18:29 PM
2027-01-15
$175.00
7/3/2026, 11:18:29 PM
2027-03-19
$150.00
7/3/2026, 11:18:29 PM
Selected expiration: 2026-07-17 at max pain $165.00.
MRSH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
2471500
2471500
115
0
2019500
2019500
120
0
1794000
1794000
125
0
1570000
1570000
130
0
1348500
1348500
135
8000
1127000
1135000
140
16000
909000
925000
145
24000
696500
720500
150
34000
500000
534000
155
45000
329500
374500
160
63000
207000
270000
165
100500
105000
205500
170
255500
54000
309500
175
489500
33000
522500
180
1001500
21000
1022500
185
1537500
13000
1550500
190
2119500
6500
2126000
195
2735000
0
2735000
200
3441500
0
3441500
210
4924500
0
4924500
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.