This page reflects MAN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — MAN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (14.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$7.30
±13.5%
Days to Expiry
14
Calendar days
Total Call OI
1,361
Nearest expiry
Total Put OI
902
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$54.16
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$55.00
8/21/2026, 11:20:05 PM
2026-09-18
$50.00
9/18/2026, 11:21:06 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:15:56 PM
2026-11-20
$60.00
10/2/2026, 11:15:56 PM
2026-12-18
$50.00
10/2/2026, 11:15:56 PM
2027-03-19
$50.00
10/2/2026, 11:15:56 PM
2027-06-17
$35.00
10/2/2026, 11:15:56 PM
Selected expiration: 2026-10-16 at max pain $40.00.
MAN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2047000
2047000
17.5
2000
1822750
1824750
20
4250
1602500
1606750
22.5
8000
1408750
1416750
25
12000
1224500
1236500
30
20500
895500
916000
35
29000
593000
622000
40
213500
356000
569500
45
522000
201000
723000
50
836000
81000
917000
55
1160500
38500
1199000
60
1546500
16000
1562500
65
1988000
0
1988000
70
2636500
0
2636500
75
3316500
0
3316500
80
3997000
0
3997000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.