This page reflects MAN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — MAN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (4.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$3.30
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
358
Nearest expiry
Total Put OI
712
Nearest expiry
P/C OI Ratio
1.99
Put-heavy
Spot Price
$59.48
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$30.00
6/18/2026, 11:22:35 PM
2026-07-17
$35.00
7/17/2026, 11:23:58 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:25:22 PM
2026-09-18
$40.00
8/18/2026, 11:25:22 PM
2026-10-16
$30.00
8/18/2026, 11:25:22 PM
2026-12-18
$50.00
8/18/2026, 11:25:22 PM
2027-03-19
$50.00
8/18/2026, 11:25:22 PM
Selected expiration: 2026-08-21 at max pain $55.00.
MAN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1886250
1886250
22.5
0
1708750
1708750
25
0
1531500
1531500
30
0
1213500
1213500
35
2500
913500
916000
40
9000
625000
634000
45
30500
365500
396000
50
83000
150000
233000
55
144000
12500
156500
60
288500
0
288500
65
452000
0
452000
70
624000
0
624000
75
801500
0
801500
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.