This page reflects MANU options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — MANU
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $18.00 (1.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$5.70
±29.2%
Days to Expiry
29
Calendar days
Total Call OI
2,549
Nearest expiry
Total Put OI
22,120
Nearest expiry
P/C OI Ratio
8.68
Put-heavy
Spot Price
$19.52
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$17.00
4/17/2026, 11:22:22 PM
2026-05-15
$17.00
5/15/2026, 11:24:07 PM
2026-06-18NextUpdated
$18.00
5/20/2026, 11:19:53 PM
2026-09-18
$17.00
5/20/2026, 11:19:53 PM
2026-12-18
$15.00
5/20/2026, 11:19:53 PM
2027-01-15
$17.00
5/20/2026, 11:19:53 PM
Selected expiration: 2026-06-18 at max pain $18.00.
MANU pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
17681400
17681400
10
0
15469400
15469400
11
400
13259000
13259400
12
1200
11048900
11050100
13
2300
8838900
8841200
14
3700
6629300
6633000
15
5100
4950000
4955100
16
8000
3286700
3294700
17
11000
1635100
1646100
18
41800
14500
56300
19
82700
5000
87700
20
137700
0
137700
21
333200
0
333200
22
550200
0
550200
23
773600
0
773600
24
999900
0
999900
25
1231800
0
1231800
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.