Marathon Oil Corporation (MRO)

MRO trades at $28.55, 90.3% above the near-term max pain of $15 expiring Jan 16, 2026 (154 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$95), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for MRO shows a downward trend from 95 to 15, indicating bearish sentiment or hedging activity. The 192% spread signals divergent expectations across timeframes. Levels distributed around 28.55. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.