This page reflects MNKD 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 — MNKD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $1.00 (3.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1.00
Nearest expiry
Expected Move
±$0.28
±6.8%
Days to Expiry
3
Calendar days
Total Call OI
32,227
Nearest expiry
Total Put OI
5,330
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$4.07
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
2026-08-07
$0.50
8/7/2026, 11:21:37 PM
2026-08-14
$1.00
8/14/2026, 11:26:26 PM
2026-08-21NextUpdated
$1.00
8/18/2026, 11:28:15 PM
2026-08-28
$0.50
8/18/2026, 11:28:15 PM
2026-09-04
$1.00
8/18/2026, 11:28:15 PM
2026-09-11
$1.00
8/18/2026, 11:28:15 PM
2026-09-18
$3.00
8/18/2026, 11:28:15 PM
2026-09-25
$1.00
8/18/2026, 11:28:15 PM
2026-10-16
$3.00
8/18/2026, 11:28:15 PM
2026-11-20
$3.00
8/18/2026, 11:28:15 PM
2027-01-15
$3.00
8/18/2026, 11:28:15 PM
2027-02-19
$3.00
8/18/2026, 11:28:15 PM
Selected expiration: 2026-08-21 at max pain $1.00.
MNKD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1105050
1105050
1
242050
838800
1080850
1.5
866600
574500
1441100
2
1566850
327700
1894550
2.5
2293350
232350
2525700
3
3021000
143350
3164350
3.5
3875800
95800
3971600
4
4730650
61350
4792000
4.5
5880550
46350
5926900
5
7039050
31400
7070450
5.5
8454650
24350
8479000
6
9870250
17300
9887550
7
13033450
14400
13047850
8
16223250
11500
16234750
10
22658050
5700
22663750
11
25880450
2800
25883250
12
29103150
0
29103150
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.