This page reflects MTRN 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 — MTRN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (45.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$23.20
±8.7%
Days to Expiry
15
Calendar days
Total Call OI
292
Nearest expiry
Total Put OI
32
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$265.43
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
$175.00
5/15/2026, 11:25:03 PM
2026-06-18
$140.00
6/18/2026, 11:22:35 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:17:41 PM
2026-08-21
$200.00
7/3/2026, 11:17:41 PM
2026-09-18
$150.00
7/3/2026, 11:17:41 PM
2026-12-18
$190.00
7/3/2026, 11:17:41 PM
Selected expiration: 2026-07-17 at max pain $220.00.
MTRN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
228000
228000
165
0
197000
197000
175
0
167000
167000
190
1500
123500
125000
195
2000
109500
111500
200
2500
97000
99500
210
9500
74000
83500
220
25500
56000
81500
230
47500
42000
89500
240
80500
30000
110500
250
243500
20000
263500
260
408500
11000
419500
270
588500
6000
594500
280
790500
2000
792500
290
1007500
0
1007500
300
1268500
0
1268500
310
1539500
0
1539500
320
1827500
0
1827500
330
2118500
0
2118500
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.