This page reflects LB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — LB
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (12.20 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
±$4.53
±5.5%
Days to Expiry
2
Calendar days
Total Call OI
1,715
Nearest expiry
Total Put OI
705
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$82.20
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
$65.00
6/18/2026, 11:20:04 PM
2026-07-17
$70.00
7/17/2026, 11:20:25 PM
2026-08-21NextUpdated
$70.00
8/19/2026, 11:23:22 PM
2026-09-18
$75.00
8/19/2026, 11:23:22 PM
2026-11-20
$70.00
8/19/2026, 11:23:22 PM
2026-12-18
$55.00
8/19/2026, 11:23:22 PM
2027-02-19
$70.00
8/19/2026, 11:23:22 PM
Selected expiration: 2026-08-21 at max pain $70.00.
LB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
2421000
2421000
30
0
2081500
2081500
35
1000
1742000
1743000
40
3000
1419000
1422000
45
6500
1111000
1117500
50
11000
820000
831000
55
22000
551000
573000
60
33000
301500
334500
65
58000
149500
207500
70
105000
82000
187000
75
198000
36000
234000
80
568500
16500
585000
85
1107500
7000
1114500
90
1800500
3500
1804000
95
2554000
0
2554000
100
3325000
0
3325000
105
4107000
0
4107000
110
4920500
0
4920500
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.