This page reflects LB 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 — LB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (10.82 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
±$3.65
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
1,738
Nearest expiry
Total Put OI
704
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$80.82
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
8/18/2026, 11:20:31 PM
2026-09-18
$75.00
8/18/2026, 11:20:31 PM
2026-11-20
$70.00
8/18/2026, 11:20:31 PM
2026-12-18
$55.00
8/18/2026, 11:20:31 PM
2027-02-19
$70.00
8/18/2026, 11:20:31 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
2415000
2415000
30
0
2076000
2076000
35
1000
1737000
1738000
40
3000
1414500
1417500
45
6500
1107000
1113500
50
11000
816500
827500
55
22000
548000
570000
60
33000
299000
332000
65
58000
147500
205500
70
105000
80500
185500
75
198000
35000
233000
80
573500
16000
589500
85
1119000
7000
1126000
90
1818500
3500
1822000
95
2583500
0
2583500
100
3366000
0
3366000
105
4159500
0
4159500
110
4984500
0
4984500
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.