Manulife Financial CorporationClose $44.03EOD only
Max Pain
$41.00
Next expiry Aug 21, 2026
Expected Move
±$0.82
1.9% from close
Price Gap
-3.03
Distance to max pain
IV Rank
39
Middle-high premium
P/C OI
0.62
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects MFC 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 — MFC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $41.00 (3.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$41.00
Nearest expiry
Expected Move
±$0.82
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
2,690
Nearest expiry
Total Put OI
1,537
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$44.03
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
$38.00
6/18/2026, 11:22:20 PM
2026-07-17
$40.00
7/17/2026, 11:19:15 PM
2026-08-21NextUpdated
$41.00
8/18/2026, 11:27:48 PM
2026-09-18
$40.00
8/18/2026, 11:27:48 PM
2026-10-16
$44.00
8/18/2026, 11:27:48 PM
2026-11-20
$37.00
8/18/2026, 11:27:48 PM
2026-12-18
$37.00
8/18/2026, 11:27:48 PM
2027-03-19
$35.00
8/18/2026, 11:27:48 PM
Selected expiration: 2026-08-21 at max pain $41.00.
MFC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
26
0
2275600
2275600
29
0
1804900
1804900
33
0
1177300
1177300
34
0
1020500
1020500
35
0
863900
863900
36
0
707900
707900
37
0
558400
558400
38
100
409100
409200
39
2200
275600
277800
40
4700
142500
147200
41
46400
93100
139500
42
90800
51000
141800
43
138000
29100
167100
44
195600
10100
205700
45
274200
1700
275900
46
371000
400
371400
47
555100
0
555100
48
820000
0
820000
49
1087000
0
1087000
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.