This page reflects LBRDK 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 — LBRDK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $40.00 (6.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.55
±10.5%
Days to Expiry
29
Calendar days
Total Call OI
594
Nearest expiry
Total Put OI
156
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$33.83
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
$50.00
4/17/2026, 11:15:21 PM
2026-05-15
$37.50
5/15/2026, 11:24:19 PM
2026-06-18NextUpdated
$40.00
5/20/2026, 11:16:40 PM
2026-09-18
$47.50
5/20/2026, 11:16:40 PM
2026-12-18
$27.50
5/20/2026, 11:16:40 PM
Selected expiration: 2026-06-18 at max pain $40.00.
LBRDK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
140000
140000
25
0
116750
116750
30
0
76750
76750
35
0
43250
43250
40
23500
16750
40250
42.5
46750
7750
54500
45
136250
0
136250
47.5
238000
0
238000
50
343000
0
343000
52.5
454000
0
454000
55
566500
0
566500
57.5
679000
0
679000
60
792000
0
792000
65
1034500
0
1034500
70
1326500
0
1326500
75
1618500
0
1618500
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.