This page reflects LB 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 — LB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (5.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.60
±7.4%
Days to Expiry
29
Calendar days
Total Call OI
648
Nearest expiry
Total Put OI
390
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$75.80
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
$70.00
4/17/2026, 11:18:26 PM
2026-05-15
$60.00
5/15/2026, 11:23:05 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:20:33 PM
2026-07-17
$65.00
5/20/2026, 11:20:33 PM
2026-08-21
$65.00
5/20/2026, 11:20:33 PM
2026-11-20
$60.00
5/20/2026, 11:20:33 PM
2026-12-18
$50.00
5/20/2026, 11:20:33 PM
Selected expiration: 2026-06-18 at max pain $70.00.
LB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
854500
854500
45
500
661500
662000
50
1000
474000
475000
55
1500
290500
292000
60
2500
154500
157000
65
4500
52500
57000
70
17000
0
17000
75
70000
0
70000
80
202000
0
202000
85
512000
0
512000
90
835500
0
835500
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.