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 Mondelez International options about one week from expiration was $62.86. The chart above shows the exact max pain for each expiration date.

Mondelez International closed above its near-term max pain on 16 of the last 20 trading days. On Nov 4, 2026 it closed at $67.38, 7.2% above max pain of $62.86.

Over the last 20 trading days, near-term max pain for Mondelez International ranged from $59.71 to $64.00. It went from $59.71 on Oct 8, 2026 to $62.86 on Nov 4, 2026. See the MDLZ max pain history for a longer view.

Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012.