This page reflects MANU 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 — MANU
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (3.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.57
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
4,851
Nearest expiry
Total Put OI
333
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$23.11
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
$17.00
5/15/2026, 11:24:07 PM
2026-06-18
$18.00
6/18/2026, 11:22:10 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:17:30 PM
2026-09-18
$17.00
7/3/2026, 11:17:30 PM
2026-12-18
$17.00
7/3/2026, 11:17:30 PM
2027-01-15
$17.00
7/3/2026, 11:17:30 PM
Selected expiration: 2026-07-17 at max pain $20.00.
MANU pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
271400
271400
12
200
238100
238300
13
900
204800
205700
14
1900
171500
173400
17
4900
71600
76500
18
6400
38300
44700
19
8500
25000
33500
20
10700
11700
22400
21
32900
5500
38400
22
62200
500
62700
23
100300
200
100500
24
143900
100
144000
25
194400
0
194400
26
666400
0
666400
27
1150700
0
1150700
28
1635200
0
1635200
29
2119900
0
2119900
30
2604900
0
2604900
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.