Free TAP Max Pain - Molson Coors Max Pain
Use free TAP Max Pain to find the candidate strike with the lowest combined call and put intrinsic value for Molson Coors at one selected expiration. Compare the full pain curve alongside business context that includes consumer demand, pricing, input costs, and distribution trends.
How to use the TAP Max Pain tool
Confirm TAP
TAP 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
TAP max pain in detail
Computed
Spot
$36.56
Max pain strike
$40
9.4% above spot
Expiration
2026-10-16
Lowest total pain by strike
| Strike | Call pain | Put pain | Total |
|---|---|---|---|
| $40 | $139K | $3K | $142K |
| $37.50 | $48K | $130K | $177K |
| $35 | $2K | $502K | $504K |
| $42.50 | $946K | $0 | $946K |
| $32.50 | $750 | $1.1M | $1.1M |
Reviewed by the QuantWheel research team. Computed from listed TAP open interest for the expiration shown; a reference level, not a forecast. Read how we compute TAP max pain.
Continue with TAP options analysis
Open the Max Pain workspace when you want to keep the calculation alongside your other options tools.
Understanding TAP Max Pain
The TAP options chain represents Molson Coors. Evaluate its open-interest distribution alongside business context that includes consumer demand, pricing, input costs, and distribution trends. Compare Max Pain across available expirations because the distribution can differ from one expiration to another.
For TAP, 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 Molson Coors will trade.
How the TAP 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 TAP Max Pain.
This calculation uses the selected options chain. It does not measure dealer inventory, intent, future order flow or the probability that TAP will finish at the calculated strike.
TAP Max Pain FAQ
What is TAP Max Pain?
TAP Max Pain is the candidate expiration price where the combined intrinsic value of outstanding TAP calls and puts is lowest for the selected expiration. It is a calculation based on open interest, not a prediction of where TAP will trade.
How is TAP Max Pain calculated?
For each candidate price, QuantWheel calculates call and put intrinsic value across the selected TAP 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 TAP expiration should I select?
Select the exact TAP 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 TAP Max Pain?
Compare the calculated strike with TAP 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 TAP Max Pain a price target?
No. TAP Max Pain does not forecast price and does not prove that traders or market makers will move TAP toward a particular strike. News, volatility, liquidity and positioning can outweigh any expiration-related pinning effect.
Is the TAP Max Pain calculator free?
Yes. QuantWheel provides a limited number of free TAP Max Pain calculations. The calculator shows how many free calculations remain before you run another expiration.