This page reflects MTZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — MTZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $380.00 (4.21 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
±$47.95
±12.5%
Days to Expiry
29
Calendar days
Total Call OI
7,856
Nearest expiry
Total Put OI
2,611
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$384.21
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
5/20/2026, 11:26:01 PM
2026-07-17
$300.00
5/20/2026, 11:26:01 PM
2026-10-16
$380.00
5/20/2026, 11:26:01 PM
2027-01-15
$270.00
5/20/2026, 11:26:01 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
40253000
40253000
230
1000
37642000
37643000
250
7000
32420000
32427000
260
22000
29809000
29831000
270
72000
27199000
27271000
280
146000
24590000
24736000
290
220000
21986000
22206000
300
295000
19402000
19697000
310
377000
16838000
17215000
320
460000
14323000
14783000
330
543000
11848000
12391000
340
628000
9451000
10079000
350
714000
7237000
7951000
360
821000
5118000
5939000
370
2066000
3075000
5141000
380
3324000
1810000
5134000
390
5105000
1317000
6422000
400
6999000
888000
7887000
410
8959000
521000
9480000
420
11075000
296000
11371000
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.