This page reflects MRX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — MRX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (6.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$4.62
±6.4%
Days to Expiry
3
Calendar days
Total Call OI
771
Nearest expiry
Total Put OI
186
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$71.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$50.00
6/18/2026, 11:23:12 PM
2026-07-17
$55.00
7/17/2026, 11:27:35 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:22:09 PM
2026-09-18
$65.00
8/18/2026, 11:22:09 PM
2026-12-18
$55.00
8/18/2026, 11:22:09 PM
2027-01-15
$35.00
8/18/2026, 11:22:09 PM
2027-03-19
$65.00
8/18/2026, 11:22:09 PM
Selected expiration: 2026-08-21 at max pain $65.00.
MRX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
488500
488500
45
0
305500
305500
50
0
214500
214500
55
2500
141500
144000
60
10000
74500
84500
65
27000
20500
47500
70
201500
4500
206000
75
520000
0
520000
80
879500
0
879500
85
1249000
0
1249000
90
1619500
0
1619500
95
2005000
0
2005000
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.