This page reflects LIN 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 — LIN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $495.00 (11.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$495.00
Nearest expiry
Expected Move
±$27.20
±5.4%
Days to Expiry
29
Calendar days
Total Call OI
8,784
Nearest expiry
Total Put OI
6,348
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$506.63
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$490.00
4/17/2026, 11:17:22 PM
2026-05-15
$505.00
5/15/2026, 11:19:54 PM
2026-06-18NextUpdated
$495.00
5/20/2026, 11:17:55 PM
2026-07-17
$505.00
5/20/2026, 11:17:55 PM
2026-09-18
$490.00
5/20/2026, 11:17:55 PM
2026-10-16
$495.00
5/20/2026, 11:17:55 PM
2026-11-20
$495.00
5/20/2026, 11:17:55 PM
2026-12-18
$475.00
5/20/2026, 11:17:55 PM
2027-01-15
$480.00
5/20/2026, 11:17:55 PM
2027-03-19
$500.00
5/20/2026, 11:17:55 PM
Selected expiration: 2026-06-18 at max pain $495.00.
LIN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
142879000
142879000
240
2000
130183000
130185000
250
4000
123835000
123839000
260
9000
117487000
117496000
280
21000
104791000
104812000
290
27000
98444000
98471000
300
33000
92098000
92131000
310
39000
85754000
85793000
320
45000
79414000
79459000
330
51000
73078000
73129000
340
57000
66750000
66807000
350
63000
60450000
60513000
355
66000
57352500
57418500
360
69000
54255000
54324000
370
75000
48241000
48316000
380
81000
42327000
42408000
390
89000
36871000
36960000
400
102000
31576000
31678000
405
108500
29104000
29212500
410
115000
26636500
26751500
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.