This page reflects LAC 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 — LAC
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $5.00 (0.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.39
±8.3%
Days to Expiry
2
Calendar days
Total Call OI
11,801
Nearest expiry
Total Put OI
10,182
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$4.76
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$5.00
5/8/2026, 11:18:48 PM
2026-05-15
$5.00
5/15/2026, 11:21:03 PM
2026-05-22NextUpdated
$5.00
5/20/2026, 11:17:10 PM
2026-05-29
$5.00
5/20/2026, 11:17:10 PM
2026-06-05
$4.50
5/20/2026, 11:17:10 PM
2026-06-12
$5.00
5/20/2026, 11:17:10 PM
2026-06-18
$5.00
5/20/2026, 11:17:10 PM
2026-06-26
$5.00
5/20/2026, 11:17:10 PM
2026-07-17
$5.00
5/20/2026, 11:17:10 PM
2026-08-21
$5.00
5/20/2026, 11:17:10 PM
2026-11-20
$4.50
5/20/2026, 11:17:10 PM
2027-01-15
$4.00
5/20/2026, 11:17:10 PM
Selected expiration: 2026-05-22 at max pain $5.00.
LAC pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
4291800
4291800
1
7950
3782800
3790750
1.5
16250
3274150
3290400
2
24700
2765550
2790250
2.5
33550
2256950
2290500
3
42550
1748350
1790900
3.5
51600
1240300
1291900
4
60800
737150
797950
4.5
87450
254800
342250
5
131100
95700
226800
5.5
294350
4900
299250
6
563450
1550
565000
6.5
1018500
1050
1019550
7
1529800
900
1530700
7.5
2079450
750
2080200
8
2646450
600
2647050
8.5
3227150
450
3227600
9
3808700
300
3809000
10
4983200
0
4983200
11
6162700
0
6162700
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.