This page reflects LGIH 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 — LGIH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (16.39 below 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
±$4.05
±7.2%
Days to Expiry
3
Calendar days
Total Call OI
820
Nearest expiry
Total Put OI
275
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$56.39
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
$45.00
6/18/2026, 11:20:55 PM
2026-07-17
$50.00
7/17/2026, 11:20:49 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:23:58 PM
2026-09-18
$60.00
8/18/2026, 11:23:58 PM
2026-11-20
$40.00
8/18/2026, 11:23:58 PM
2026-12-18
$45.00
8/18/2026, 11:23:58 PM
2027-02-19
$55.00
8/18/2026, 11:23:58 PM
Selected expiration: 2026-08-21 at max pain $40.00.
LGIH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
569500
569500
22.5
0
501250
501250
25
0
434000
434000
30
2500
299500
302000
35
7000
165000
172000
40
77500
83500
161000
45
186500
43500
230000
50
341500
17000
358500
55
506500
3500
510000
60
690000
500
690500
65
925500
0
925500
70
1185000
0
1185000
75
1457000
0
1457000
80
1733000
0
1733000
85
2019500
0
2019500
90
2426500
0
2426500
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.