This page reflects MANH 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 — MANH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $180.00 (24.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$11.75
±5.8%
Days to Expiry
14
Calendar days
Total Call OI
391
Nearest expiry
Total Put OI
348
Nearest expiry
P/C OI Ratio
0.89
Put-heavy
Spot Price
$204.15
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
$170.00
8/21/2026, 11:21:00 PM
2026-09-18
$195.00
9/18/2026, 11:21:19 PM
2026-10-16NextUpdated
$180.00
10/2/2026, 11:19:27 PM
2026-11-20
$210.00
10/2/2026, 11:19:27 PM
2027-01-15
$180.00
10/2/2026, 11:19:27 PM
2027-04-16
$210.00
10/2/2026, 11:19:27 PM
Selected expiration: 2026-10-16 at max pain $180.00.
MANH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
2703500
2703500
75
0
2356500
2356500
80
500
2184500
2185000
90
1500
1842500
1844000
95
2000
1673000
1675000
100
2500
1509500
1512000
105
3000
1347000
1350000
110
3500
1206000
1209500
115
4000
1076000
1080000
120
4500
947000
951500
125
5000
832500
837500
130
8000
767000
775000
135
11000
704000
715000
140
14000
641000
655000
145
23500
578500
602000
150
33000
516500
549500
155
50000
457000
507000
160
71500
407500
479000
165
94000
358000
452000
170
118000
308500
426500
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.