This page reflects MTZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — MTZ
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $380.00 (8.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$380.00
Nearest expiry
Expected Move
±$46.15
±11.9%
Days to Expiry
28
Calendar days
Total Call OI
8,171
Nearest expiry
Total Put OI
2,661
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$388.77
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
$300.00
4/17/2026, 11:19:24 PM
2026-05-15
$360.00
5/15/2026, 11:25:55 PM
2026-06-18NextUpdated
$380.00
5/21/2026, 11:23:03 PM
2026-07-17
$300.00
5/21/2026, 11:23:03 PM
2026-10-16
$380.00
5/21/2026, 11:23:03 PM
2027-01-15
$270.00
5/21/2026, 11:23:03 PM
Selected expiration: 2026-06-18 at max pain $380.00.
MTZ pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
40936000
40936000
230
1000
38275000
38276000
250
7000
32953000
32960000
260
22000
30292000
30314000
270
72000
27634000
27706000
280
146000
24981000
25127000
290
220000
22333000
22553000
300
295000
19705000
20000000
310
377000
17097000
17474000
320
460000
14538000
14998000
330
543000
12021000
12564000
340
628000
9583000
10211000
350
714000
7344000
8058000
360
820000
5200000
6020000
370
2064000
3136000
5200000
380
3321000
1850000
5171000
390
5102000
1344000
6446000
400
6997000
902000
7899000
410
9198000
534000
9732000
420
11554000
308000
11862000
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.