This page reflects LASR 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 — LASR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (5.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.62
±5.3%
Days to Expiry
3
Calendar days
Total Call OI
3,968
Nearest expiry
Total Put OI
1,431
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$50.00
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
$62.00
8/7/2026, 11:24:25 PM
2026-08-14
$50.00
8/14/2026, 11:21:52 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:20:44 PM
2026-08-28
$55.00
8/18/2026, 11:20:44 PM
2026-09-04
$54.00
8/18/2026, 11:20:44 PM
2026-09-11
$50.00
8/18/2026, 11:20:44 PM
2026-09-18
$60.00
8/18/2026, 11:20:44 PM
2026-09-25
$50.00
8/18/2026, 11:20:44 PM
2026-10-02
$55.00
8/18/2026, 11:20:44 PM
2026-12-18
$60.00
8/18/2026, 11:20:44 PM
2027-03-19
$45.00
8/18/2026, 11:20:44 PM
Selected expiration: 2026-08-21 at max pain $55.00.
LASR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2429100
2429100
40
0
1733600
1733600
44
0
1199600
1199600
45
400
1066100
1066500
47
17000
825500
842500
48
25300
706100
731400
49
33600
587700
621300
50
42100
480200
522300
51
51100
407200
458300
52
61100
345100
406200
53
75200
287400
362600
54
98000
230400
328400
55
126700
173900
300600
56
185600
136400
322000
57
272900
109700
382600
58
363800
83300
447100
59
544100
58100
602200
60
727800
33200
761000
61
926500
27000
953500
62
1133500
20800
1154300
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.