This page reflects LAD 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 — LAD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $280.00 (8.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$26.55
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
973
Nearest expiry
Total Put OI
962
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$271.11
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
$260.00
4/17/2026, 11:19:53 PM
2026-05-15
$270.00
5/15/2026, 11:22:52 PM
2026-06-18NextUpdated
$280.00
5/20/2026, 11:19:20 PM
2026-07-17
$260.00
5/20/2026, 11:19:20 PM
2026-08-21
$280.00
5/20/2026, 11:19:20 PM
2026-09-18
$270.00
5/20/2026, 11:19:20 PM
2026-11-20
$260.00
5/20/2026, 11:19:20 PM
2026-12-18
$300.00
5/20/2026, 11:19:20 PM
Selected expiration: 2026-06-18 at max pain $280.00.
LAD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
10880000
10880000
155
500
10401500
10402000
160
1000
9925000
9926000
165
2000
9449500
9451500
170
3500
8975000
8978500
175
5000
8501500
8506500
180
6500
8028000
8034500
185
8000
7554500
7562500
190
10000
7081000
7091000
195
12500
6607500
6620000
200
15000
6134000
6149000
210
20000
5266000
5286000
220
25000
4398000
4423000
230
30000
3533000
3563000
240
35000
2676000
2711000
250
50000
1843000
1893000
260
68000
1090000
1158000
270
89000
470000
559000
280
121000
7000
128000
290
200000
1000
201000
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.