thetaOwl

LB

LandBridge Company LLCClose $82.20EOD only
Max Pain
$70.00
Next expiry Aug 21, 2026
Expected Move
±$4.53
5.5% from close
Price Gap
-12.20
Distance to max pain
IV Rank
25
Low premium
P/C OI
0.38
Slightly call-heavy
Consensus
No reports available
Published snapshot: Aug 19, 2026 close
End-of-day snapshot

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
ExpirationMax Pain StrikeLast Updated
2026-06-18$65.006/18/2026, 11:20:04 PM
2026-07-17$70.007/17/2026, 11:20:25 PM
2026-08-21NextUpdated$70.008/19/2026, 11:23:22 PM
2026-09-18$75.008/19/2026, 11:23:22 PM
2026-11-20$70.008/19/2026, 11:23:22 PM
2026-12-18$55.008/19/2026, 11:23:22 PM
2027-02-19$70.008/19/2026, 11:23:22 PM
Selected expiration: 2026-08-21 at max pain $70.00.
LB pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
25024210002421000
30020815002081500
35100017420001743000
40300014190001422000
45650011110001117500
5011000820000831000
5522000551000573000
6033000301500334500
6558000149500207500
7010500082000187000
7519800036000234000
8056850016500585000
85110750070001114500
90180050035001804000
95255400002554000
100332500003325000
105410700004107000
110492050004920500
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.