This page reflects MTN 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 — MTN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $140.00 (0.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$8.60
±6.1%
Days to Expiry
15
Calendar days
Total Call OI
2,919
Nearest expiry
Total Put OI
3,580
Nearest expiry
P/C OI Ratio
1.23
Put-heavy
Spot Price
$140.68
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
$125.00
5/15/2026, 11:24:18 PM
2026-06-18
$130.00
6/18/2026, 11:24:26 PM
2026-07-17NextUpdated
$140.00
7/3/2026, 11:16:56 PM
2026-08-21
$145.00
7/3/2026, 11:16:56 PM
2026-09-18
$140.00
7/3/2026, 11:16:56 PM
2026-10-16
$140.00
7/3/2026, 11:16:56 PM
2026-11-20
$130.00
7/3/2026, 11:16:56 PM
2027-01-15
$125.00
7/3/2026, 11:16:56 PM
Selected expiration: 2026-07-17 at max pain $140.00.
MTN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
18849500
18849500
75
0
17074000
17074000
80
0
15307500
15307500
85
0
13549500
13549500
90
0
11798000
11798000
95
0
10066000
10066000
100
0
8437000
8437000
105
4000
6945500
6949500
110
10000
5487000
5497000
115
21000
4071500
4092500
120
32500
2747500
2780000
125
44000
1734500
1778500
130
55500
917500
973000
135
77000
433000
510000
140
299500
160000
459500
145
708500
73000
781500
150
1282000
21500
1303500
155
2212000
12500
2224500
160
3175000
9500
3184500
165
4315500
6500
4322000
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.