Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Moelis options about one week from expiration was $60.00. The chart above shows the exact max pain for each expiration date.

Moelis closed above its near-term max pain on 2 of the last 20 trading days. On Nov 4, 2026 it closed at $61.31, 2.2% above max pain of $60.00.

Over the last 20 trading days, near-term max pain for Moelis ranged from $60.00 to $60.03. It went from $60.03 on Oct 8, 2026 to $60.00 on Nov 4, 2026. See the MC max pain history for a longer view.

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