Free MAR Max Pain - Marriott International Max Pain
Use free MAR Max Pain to find the candidate strike with the lowest combined call and put intrinsic value for Marriott International at one selected expiration. Compare the full pain curve alongside business context that includes Marriott International, which operates in hotels, resorts and cruise lines.
How to use the MAR Max Pain tool
Confirm MAR
MAR is already entered. Keep it or search another ticker.
Choose an expiration
Select the expiration you want the calculation to use.
Calculate Max Pain
Generate the result, then compare Max Pain with price and the full pain chart.
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What is Max Pain?
Max Pain is the strike price at which option sellers (market makers) would lose the least amount of money if the stock expired at that price. The theory suggests stocks tend to gravitate toward this price near expiration.
Chart Legend:
- Green bars: Call option pain per strike
- Red bars: Put option pain per strike
- Blue line: Max Pain strike
- Red line: Current underlying price
Key levels
MAR max pain in detail
Computed
Spot
$396.72
Max pain strike
$382.50
3.6% below spot
Expiration
2026-10-23
Lowest total pain by strike
| Strike | Call pain | Put pain | Total |
|---|---|---|---|
| $382.50 | $532K | $247K | $779K |
| $385 | $598K | $183K | $781K |
| $387.50 | $670K | $134K | $804K |
| $380 | $468K | $344K | $812K |
| $390 | $751K | $100K | $851K |
Reviewed by the QuantWheel research team. Computed from listed MAR open interest for the expiration shown; a reference level, not a forecast. Read how we compute MAR max pain.
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Understanding MAR Max Pain
The MAR options chain represents Marriott International. Evaluate its open-interest distribution alongside business context that includes Marriott International, which operates in hotels, resorts and cruise lines. Compare Max Pain across available expirations because the distribution can differ from one expiration to another.
For MAR, the calculator tests each candidate strike against call and put open interest for the selected expiration. Review the full curve with the result. The calculation describes the selected chain and does not predict where Marriott International will trade.
How the MAR Max Pain calculation works
QuantWheel tests each strike as a possible expiration price. It adds the intrinsic value of open calls and puts at that price, weighted by open interest and the contract multiplier. The strike with the lowest combined value is displayed as MAR Max Pain.
This calculation uses the selected options chain. It does not measure dealer inventory, intent, future order flow or the probability that MAR will finish at the calculated strike.
Related MAR options tools
Compare expiration pain with the MAR GEX chart or review MAR gamma by strike and expiration.
MAR Max Pain FAQ
What is MAR Max Pain?
MAR Max Pain is the candidate expiration price where the combined intrinsic value of outstanding MAR calls and puts is lowest for the selected expiration. It is a calculation based on open interest, not a prediction of where MAR will trade.
How is MAR Max Pain calculated?
For each candidate price, QuantWheel calculates call and put intrinsic value across the selected MAR options chain, multiplies each value by open interest and the 100-share contract multiplier, then adds the totals. The candidate price with the lowest combined total is the Max Pain strike.
Which MAR expiration should I select?
Select the exact MAR expiration you want to examine. Weekly and monthly expirations can have different open-interest distributions, so compare them separately instead of applying one result to every date.
How should I use MAR Max Pain?
Compare the calculated strike with MAR price and the full call and put pain chart for the same expiration. Use it as expiration context alongside liquidity, gamma exposure and your own risk plan rather than as a standalone trading signal.
Is MAR Max Pain a price target?
No. MAR Max Pain does not forecast price and does not prove that traders or market makers will move MAR toward a particular strike. News, volatility, liquidity and positioning can outweigh any expiration-related pinning effect.
Is the MAR Max Pain calculator free?
Yes. QuantWheel provides a limited number of free MAR Max Pain calculations. The calculator shows how many free calculations remain before you run another expiration.