This page reflects LIF 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 — LIF
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (1.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.45
±5.7%
Days to Expiry
2
Calendar days
Total Call OI
714
Nearest expiry
Total Put OI
279
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$43.19
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, 11:23:39 PM
2026-07-17
$45.00
7/17/2026, 11:20:08 PM
2026-08-21NextUpdated
$45.00
8/19/2026, 11:21:31 PM
2026-09-18
$50.00
8/19/2026, 11:21:31 PM
2026-10-16
$55.00
8/19/2026, 11:21:31 PM
2026-12-18
$50.00
8/19/2026, 11:21:31 PM
2027-01-15
$40.00
8/19/2026, 11:21:31 PM
Selected expiration: 2026-08-21 at max pain $45.00.
LIF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
324000
324000
35
0
193500
193500
40
0
92500
92500
45
2000
7500
9500
50
80000
0
80000
55
206500
0
206500
60
388500
0
388500
65
612500
0
612500
70
939500
0
939500
75
1284000
0
1284000
80
1634500
0
1634500
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.