This page reflects MTRN 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 — MTRN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $280.00 (15.97 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$4.55
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
122
Nearest expiry
Total Put OI
185
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$264.03
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
$140.00
6/18/2026, 11:22:35 PM
2026-07-17
$220.00
7/17/2026, 11:22:00 PM
2026-08-21NextUpdated
$280.00
8/18/2026, 11:22:33 PM
2026-09-18
$150.00
8/18/2026, 11:22:33 PM
2026-12-18
$220.00
8/18/2026, 11:22:33 PM
2027-03-19
$195.00
8/18/2026, 11:22:33 PM
Selected expiration: 2026-08-21 at max pain $280.00.
MTRN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
1739500
1739500
180
500
1647500
1648000
185
1500
1556000
1557500
190
3000
1465500
1468500
195
4500
1375500
1380000
200
6000
1288000
1294000
210
12000
1117000
1129000
220
20000
949000
969000
230
36000
784000
820000
240
59000
631000
690000
250
97000
479000
576000
260
159000
330000
489000
270
221000
192000
413000
280
292000
86000
378000
290
369000
34000
403000
300
450000
21000
471000
310
541000
13000
554000
320
636000
8000
644000
330
736000
5000
741000
340
847000
2000
849000
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.