This page reflects LAD 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 — LAD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $310.00 (46.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$11.65
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
622
Nearest expiry
Total Put OI
281
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$356.55
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
2026-06-18
$280.00
6/18/2026, 11:16:43 PM
2026-07-17
$280.00
7/17/2026, 11:20:20 PM
2026-08-21NextUpdated
$310.00
8/18/2026, 11:18:58 PM
2026-09-18
$280.00
8/18/2026, 11:18:58 PM
2026-11-20
$260.00
8/18/2026, 11:18:58 PM
2026-12-18
$360.00
8/18/2026, 11:18:58 PM
2027-03-19
$400.00
8/18/2026, 11:18:58 PM
Selected expiration: 2026-08-21 at max pain $310.00.
LAD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
4596000
4596000
150
0
4455500
4455500
155
0
4315000
4315000
160
0
4174500
4174500
165
0
4034000
4034000
170
0
3894500
3894500
175
500
3755000
3755500
180
1000
3615500
3616500
185
1500
3476000
3477500
190
2000
3337000
3339000
195
2500
3198000
3200500
200
3000
3059000
3062000
210
4000
2800000
2804000
220
5000
2541000
2546000
230
6000
2286000
2292000
240
7000
2031000
2038000
250
8000
1788000
1796000
260
9000
1545000
1554000
270
10000
1352000
1362000
280
11000
1173000
1184000
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.