This page reflects MANH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — MANH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $140.00 (11.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$12.40
±8.2%
Days to Expiry
15
Calendar days
Total Call OI
1,593
Nearest expiry
Total Put OI
469
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$151.04
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$130.00
5/15/2026, 11:23:34 PM
2026-06-18
$140.00
6/18/2026, 11:18:52 PM
2026-07-17NextUpdated
$140.00
7/3/2026, 11:18:14 PM
2026-08-21
$145.00
7/3/2026, 11:18:14 PM
2026-10-16
$150.00
7/3/2026, 11:18:14 PM
2027-01-15
$180.00
7/3/2026, 11:18:14 PM
Selected expiration: 2026-07-17 at max pain $140.00.
MANH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
1433000
1433000
90
0
1199500
1199500
95
500
966500
967000
100
1000
777500
778500
105
4500
635500
640000
110
8500
499500
508000
115
15000
367500
382500
120
21500
267500
289000
125
29500
177000
206500
130
38500
121000
159500
135
56500
70500
127000
140
83000
39500
122500
145
120500
20500
141000
150
170000
8500
178500
155
538000
5500
543500
160
912500
2500
915000
165
1309500
1500
1311000
170
2024500
1000
2025500
175
2760000
500
2760500
180
3520500
0
3520500
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.