This page reflects LHX 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 — LHX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $287.50 (7.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$287.50
Nearest expiry
Expected Move
±$5.53
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
4,278
Nearest expiry
Total Put OI
1,300
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$279.54
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
2026-08-07
$290.00
8/7/2026, 11:17:19 PM
2026-08-14
$285.00
8/14/2026, 11:21:23 PM
2026-08-21NextUpdated
$287.50
8/18/2026, 11:20:46 PM
2026-08-28
$285.00
8/18/2026, 11:20:46 PM
2026-09-04
$280.00
8/18/2026, 11:20:46 PM
2026-09-11
$285.00
8/18/2026, 11:20:46 PM
2026-09-18
$280.00
8/18/2026, 11:20:46 PM
2026-09-25
$285.00
8/18/2026, 11:20:46 PM
2026-10-16
$280.00
8/18/2026, 11:20:46 PM
2026-11-20
$290.00
8/18/2026, 11:20:46 PM
2027-01-15
$300.00
8/18/2026, 11:20:46 PM
2027-02-19
$260.00
8/18/2026, 11:20:46 PM
Selected expiration: 2026-08-21 at max pain $287.50.
LHX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
14325500
14325500
175
1000
13675500
13676500
180
7500
13025500
13033000
200
33500
10425500
10459000
210
46500
9129500
9176000
220
59500
7835500
7895000
230
72500
6544500
6617000
240
85500
5255500
5341000
245
94000
4623000
4717000
250
102500
3993500
4096000
255
112500
3400500
3513000
260
122500
2815000
2937500
265
135000
2259000
2394000
267.5
142000
1982250
2124250
270
149500
1705500
1855000
272.5
163000
1466000
1629000
275
176750
1229000
1405750
277.5
192500
1002750
1195250
280
213250
791000
1004250
282.5
287000
637750
924750
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.