This page reflects MTZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — MTZ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (14.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$17.45
±8.1%
Days to Expiry
14
Calendar days
Total Call OI
6,620
Nearest expiry
Total Put OI
2,241
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$215.93
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$250.00
8/21/2026, 11:21:55 PM
2026-09-18
$240.00
9/18/2026, 11:21:52 PM
2026-10-16NextUpdated
$230.00
10/2/2026, 11:19:00 PM
2026-11-20
$250.00
10/2/2026, 11:19:00 PM
2026-12-18
$230.00
10/2/2026, 11:19:00 PM
2027-01-15
$260.00
10/2/2026, 11:19:00 PM
2027-04-16
$250.00
10/2/2026, 11:19:00 PM
2027-09-17
$210.00
10/2/2026, 11:19:00 PM
Selected expiration: 2026-10-16 at max pain $230.00.
MTZ pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
17765000
17765000
145
500
16644500
16645000
150
1000
15524000
15525000
155
7000
14404000
14411000
160
13000
13300500
13313500
165
28000
12201500
12229500
170
45000
11105500
11150500
175
63000
10027000
10090000
180
81500
8959500
9041000
185
100500
8016000
8116500
190
119500
7189500
7309000
195
138500
6467500
6606000
200
158500
5771000
5929500
210
219500
4675000
4894500
220
432500
3750000
4182500
230
991500
2951000
3942500
240
1694500
2509000
4203500
250
2515500
2216000
4731500
260
3578500
2028000
5606500
270
4743500
1868000
6611500
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.