This page reflects LHX 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 — LHX
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $307.50 (1.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$307.50
Nearest expiry
Expected Move
±$6.12
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
399
Nearest expiry
Total Put OI
339
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$309.15
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$310.00
5/8/2026, 11:19:37 PM
2026-05-15
$310.00
5/15/2026, 11:22:02 PM
2026-05-22NextUpdated
$307.50
5/20/2026, 11:18:05 PM
2026-05-29
$312.50
5/20/2026, 11:18:05 PM
2026-06-05
$310.00
5/20/2026, 11:18:05 PM
2026-06-12
$300.00
5/20/2026, 11:18:05 PM
2026-06-18
$310.00
5/20/2026, 11:18:05 PM
2026-06-26
$305.00
5/20/2026, 11:18:05 PM
2026-07-17
$310.00
5/20/2026, 11:18:05 PM
2026-08-21
$320.00
5/20/2026, 11:18:05 PM
2026-11-20
$300.00
5/20/2026, 11:18:05 PM
2027-01-15
$300.00
5/20/2026, 11:18:05 PM
Selected expiration: 2026-05-22 at max pain $307.50.
LHX pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
250
0
1500000
1500000
265
0
993000
993000
270
0
824500
824500
275
0
657000
657000
280
0
490000
490000
285
0
328000
328000
290
0
167500
167500
292.5
0
140250
140250
295
0
114250
114250
297.5
0
89500
89500
300
250
71500
71750
302.5
1250
56250
57500
305
3250
43750
47000
307.5
10500
33500
44000
310
33250
25250
58500
312.5
63250
18250
81500
315
97250
11750
109000
317.5
138000
8250
146250
320
187250
4750
192000
322.5
242000
2250
244250
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.