Manulife Financial CorporationClose $38.70EOD only
Max Pain
$37.00
Next expiry Jun 18, 2026
Expected Move
±$1.95
5.0% from close
Price Gap
-1.70
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — MFC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $37.00 (1.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$1.95
±5.0%
Days to Expiry
29
Calendar days
Total Call OI
2,623
Nearest expiry
Total Put OI
2,689
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$38.70
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
$34.00
4/17/2026, 11:20:02 PM
2026-05-15
$38.00
5/15/2026, 11:25:32 PM
2026-06-18NextUpdated
$37.00
5/20/2026, 11:21:45 PM
2026-07-17
$37.00
5/20/2026, 11:21:45 PM
2026-09-18
$39.00
5/20/2026, 11:21:45 PM
2026-11-20
$35.00
5/20/2026, 11:21:45 PM
2026-12-18
$37.00
5/20/2026, 11:21:45 PM
Selected expiration: 2026-06-18 at max pain $37.00.
MFC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
2745200
2745200
25
0
2476500
2476500
26
0
2207900
2207900
27
0
1939300
1939300
28
1000
1710700
1711700
29
3400
1482400
1485800
30
6000
1269200
1275200
31
8600
1056400
1065000
32
11500
852500
864000
33
25800
689900
715700
34
45800
529300
575100
35
92300
395200
487500
36
150000
276700
426700
37
224700
165600
390300
38
393000
60300
453300
39
606000
14500
620500
40
823100
10900
834000
41
1063200
8700
1071900
42
1309800
6600
1316400
43
1560300
4800
1565100
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.