This page reflects MANU 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 — MANU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.00 (1.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.98
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
720
Nearest expiry
Total Put OI
422
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$23.51
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
$18.00
6/18/2026, 11:22:10 PM
2026-07-17
$20.00
7/17/2026, 11:26:33 PM
2026-08-21NextUpdated
$22.00
8/18/2026, 11:22:15 PM
2026-09-18
$18.00
8/18/2026, 11:22:15 PM
2026-12-18
$17.00
8/18/2026, 11:22:15 PM
2027-01-15
$20.00
8/18/2026, 11:22:15 PM
2027-03-19
$18.00
8/18/2026, 11:22:15 PM
Selected expiration: 2026-08-21 at max pain $22.00.
MANU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
280600
280600
15
300
238400
238700
16
1200
196200
197400
18
3800
111800
115600
19
5100
77600
82700
20
6400
49700
56100
21
7700
26400
34100
22
9300
6200
15500
23
38600
1000
39600
24
86400
0
86400
25
139000
0
139000
26
207800
0
207800
27
276700
0
276700
28
348800
0
348800
31
565700
0
565700
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.