This page reflects MTZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — MTZ
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $250.00 (22.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$10.58
±3.9%
Days to Expiry
2
Calendar days
Total Call OI
19,247
Nearest expiry
Total Put OI
2,338
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$272.07
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
$370.00
6/18/2026, 11:20:47 PM
2026-07-17
$340.00
7/17/2026, 11:28:05 PM
2026-08-21NextUpdated
$250.00
8/19/2026, 11:27:00 PM
2026-09-18
$290.00
8/19/2026, 11:27:00 PM
2026-10-16
$300.00
8/19/2026, 11:27:00 PM
2026-11-20
$290.00
8/19/2026, 11:27:00 PM
2026-12-18
$310.00
8/19/2026, 11:27:00 PM
2027-01-15
$320.00
8/19/2026, 11:27:00 PM
Selected expiration: 2026-08-21 at max pain $250.00.
MTZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
15859000
15859000
195
500
14690000
14690500
200
1500
13521000
13522500
210
4500
11323000
11327500
220
7500
9342000
9349500
230
19500
7732000
7751500
240
34500
6501000
6535500
250
53500
5446000
5499500
260
3048500
4502000
7550500
270
6206500
3606000
9812500
280
9416500
2840000
12256500
290
12992500
2189000
15181500
300
19705500
1589000
21294500
310
27847500
1030000
28877500
320
36532500
544000
37076500
330
47380500
208000
47588500
340
58265500
71000
58336500
350
70747500
52000
70799500
360
83421500
47000
83468500
370
97545500
42000
97587500
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.