This page reflects LEA 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 — LEA
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (0.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$3.50
±2.8%
Days to Expiry
2
Calendar days
Total Call OI
200
Nearest expiry
Total Put OI
122
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$124.05
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
$125.00
6/18/2026, 11:20:43 PM
2026-07-17
$135.00
7/17/2026, 11:20:04 PM
2026-08-21NextUpdated
$125.00
8/19/2026, 11:18:41 PM
2026-09-18
$120.00
8/19/2026, 11:18:41 PM
2026-11-20
$130.00
8/19/2026, 11:18:41 PM
2026-12-18
$120.00
8/19/2026, 11:18:41 PM
2027-03-19
$120.00
8/19/2026, 11:18:41 PM
Selected expiration: 2026-08-21 at max pain $125.00.
LEA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
362000
362000
95
0
301500
301500
100
0
241500
241500
105
0
188500
188500
110
0
137000
137000
115
0
94000
94000
120
0
51500
51500
125
9500
10000
19500
130
28500
5000
33500
135
68000
0
68000
140
123500
0
123500
145
186000
0
186000
150
262500
0
262500
155
352000
0
352000
160
449500
0
449500
165
548000
0
548000
180
845000
0
845000
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.