This page reflects LAZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — LAZ
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $44.00 (2.46 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$44.00
Nearest expiry
Expected Move
±$3.05
±7.3%
Days to Expiry
15
Calendar days
Total Call OI
2,358
Nearest expiry
Total Put OI
792
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$41.54
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$46.00
5/15/2026, 11:17:42 PM
2026-06-18
$45.00
6/18/2026, 11:20:12 PM
2026-07-17NextUpdated
$44.00
7/3/2026, 11:20:27 PM
2026-08-21
$41.00
7/3/2026, 11:20:27 PM
2026-09-18
$45.00
7/3/2026, 11:20:27 PM
2026-11-20
$45.00
7/3/2026, 11:20:27 PM
2026-12-18
$42.00
7/3/2026, 11:20:27 PM
Selected expiration: 2026-07-17 at max pain $44.00.
LAZ pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
1232100
1232100
30
7000
836600
843600
34
12600
520600
533200
35
14000
441800
455800
36
15500
370000
385500
37
17000
298900
315900
38
18500
229000
247500
39
20000
168400
188400
40
21800
112600
134400
41
25000
77900
102900
42
31800
57400
89200
43
41400
39300
80700
44
54800
21800
76600
45
74800
9000
83800
46
123500
4800
128300
47
284600
2200
286800
48
466900
500
467400
49
655700
100
655800
50
857600
0
857600
55
2011600
0
2011600
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.