This page reflects MTZ 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 — MTZ
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $350.00 (23.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$36.55
±9.8%
Days to Expiry
15
Calendar days
Total Call OI
10,565
Nearest expiry
Total Put OI
4,338
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$373.43
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
$360.00
5/15/2026, 11:25:55 PM
2026-06-18
$370.00
6/18/2026, 11:20:47 PM
2026-07-17NextUpdated
$350.00
7/3/2026, 11:22:08 PM
2026-08-21
$380.00
7/3/2026, 11:22:08 PM
2026-09-18
$400.00
7/3/2026, 11:22:08 PM
2026-10-16
$370.00
7/3/2026, 11:22:08 PM
2026-11-20
$260.00
7/3/2026, 11:22:08 PM
2026-12-18
$350.00
7/3/2026, 11:22:08 PM
2027-01-15
$320.00
7/3/2026, 11:22:08 PM
Selected expiration: 2026-07-17 at max pain $350.00.
MTZ pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
95963000
95963000
105
0
93794000
93794000
110
500
91632500
91633000
115
2000
89472000
89474000
120
4000
87312500
87316500
125
6000
85155000
85161000
130
8000
82999000
83007000
135
10000
80844000
80854000
140
12500
78689000
78701500
145
15500
76534500
76550000
150
19000
74382000
74401000
155
22500
72230000
72252500
165
30500
67930000
67960500
170
36500
65780000
65816500
175
44000
63630000
63674000
180
51500
61480000
61531500
185
60000
59331500
59391500
190
68500
57183000
57251500
195
78500
55038000
55116500
200
89000
52893000
52982000
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.