This page reflects LAC 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 — LAC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $3.50 (0.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.50
Nearest expiry
Expected Move
±$0.14
±4.7%
Days to Expiry
3
Calendar days
Total Call OI
46,134
Nearest expiry
Total Put OI
9,470
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$2.96
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
$3.00
8/7/2026, 11:19:16 PM
2026-08-14
$3.00
8/14/2026, 11:24:32 PM
2026-08-21NextUpdated
$3.50
8/18/2026, 11:20:27 PM
2026-08-28
$3.00
8/18/2026, 11:20:27 PM
2026-09-04
$3.00
8/18/2026, 11:20:27 PM
2026-09-11
$3.50
8/18/2026, 11:20:27 PM
2026-09-18
$3.00
8/18/2026, 11:20:27 PM
2026-09-25
$1.00
8/18/2026, 11:20:27 PM
2026-10-02
$0.50
8/18/2026, 11:20:27 PM
2026-11-20
$4.00
8/18/2026, 11:20:27 PM
2027-01-15
$4.00
8/18/2026, 11:20:27 PM
2027-02-19
$3.50
8/18/2026, 11:20:27 PM
Selected expiration: 2026-08-21 at max pain $3.50.
LAC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
2794050
2794050
1
1750
2320550
2322300
1.5
3800
1847050
1850850
2
7300
1375650
1382950
2.5
15300
907500
922800
3
36900
461750
498650
3.5
180650
139800
320450
4
545300
23800
569100
4.5
1114700
9600
1124300
5
1766100
50
1766150
5.5
2790750
0
2790750
6
4126000
0
4126000
7.5
8132050
0
8132050
10
17286800
0
17286800
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.