This page reflects LIN 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 — LIN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $500.00 (21.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$500.00
Nearest expiry
Expected Move
±$8.75
±1.8%
Days to Expiry
3
Calendar days
Total Call OI
4,310
Nearest expiry
Total Put OI
3,188
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$478.70
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
$500.00
6/18/2026, 11:21:10 PM
2026-07-17
$515.00
7/17/2026, 11:20:23 PM
2026-08-21NextUpdated
$500.00
8/18/2026, 11:20:53 PM
2026-09-18
$490.00
8/18/2026, 11:20:53 PM
2026-10-16
$490.00
8/18/2026, 11:20:53 PM
2026-11-20
$500.00
8/18/2026, 11:20:53 PM
2026-12-18
$495.00
8/18/2026, 11:20:53 PM
2027-01-15
$510.00
8/18/2026, 11:20:53 PM
2027-03-19
$490.00
8/18/2026, 11:20:53 PM
2027-06-17
$520.00
8/18/2026, 11:20:53 PM
Selected expiration: 2026-08-21 at max pain $500.00.
LIN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
405
0
23554500
23554500
410
1000
21961000
21962000
415
2000
20368000
20370000
420
3000
18775500
18778500
425
5000
17230500
17235500
430
7500
15687000
15694500
435
10500
14144500
14155000
440
13500
12653500
12667000
445
19500
11174000
11193500
450
26000
9715000
9741000
455
34500
8332500
8367000
460
43000
6983000
7026000
465
52000
5691000
5743000
470
63500
4457500
4521000
475
83500
3323000
3406500
480
149500
2569000
2718500
485
260500
1887000
2147500
490
463000
1249500
1712500
495
709000
706500
1415500
500
973500
303000
1276500
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.