This page reflects MTRN 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 — MTRN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $120.00 (86.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$8.05
±3.9%
Days to Expiry
29
Calendar days
Total Call OI
291
Nearest expiry
Total Put OI
29
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$206.05
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
$135.00
4/17/2026, 11:26:00 PM
2026-05-15
$175.00
5/15/2026, 11:25:03 PM
2026-06-18NextUpdated
$120.00
5/20/2026, 11:25:27 PM
2026-09-18
$150.00
5/20/2026, 11:25:27 PM
2026-12-18
$90.00
5/20/2026, 11:25:27 PM
Selected expiration: 2026-06-18 at max pain $120.00.
MTRN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
166500
166500
75
0
152500
152500
80
1000
139500
140500
85
2000
128000
130000
90
3000
117000
120000
105
6000
84000
90000
110
7000
75000
82000
115
8000
66500
74500
120
12000
58500
70500
125
23500
50500
74000
130
35000
45000
80000
135
48500
39500
88000
140
64000
34500
98500
145
91500
29500
121000
150
140000
25000
165000
155
191000
20500
211500
160
244500
16500
261000
165
298000
13000
311000
170
352000
10000
362000
175
409000
8000
417000
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.