This page reflects LAZ 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 — LAZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.00 (2.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$1.10
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
1,912
Nearest expiry
Total Put OI
661
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$44.06
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
$45.00
6/18/2026, 11:20:12 PM
2026-07-17
$43.00
7/17/2026, 11:25:08 PM
2026-08-21NextUpdated
$42.00
8/18/2026, 11:19:44 PM
2026-09-18
$45.00
8/18/2026, 11:19:44 PM
2026-11-20
$45.00
8/18/2026, 11:19:44 PM
2026-12-18
$45.00
8/18/2026, 11:19:44 PM
2027-03-19
$36.00
8/18/2026, 11:19:44 PM
Selected expiration: 2026-08-21 at max pain $42.00.
LAZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
482000
482000
33
0
290600
290600
34
0
248100
248100
35
0
206700
206700
36
0
165400
165400
37
0
128700
128700
38
0
92800
92800
39
0
57100
57100
40
0
22400
22400
41
200
14400
14600
42
4000
7800
11800
43
11200
2000
13200
44
20900
1000
21900
45
41600
0
41600
46
195200
0
195200
47
370900
0
370900
48
552800
0
552800
49
739400
0
739400
50
927800
0
927800
65
3788300
0
3788300
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.