This page reflects LION 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 — LION
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $13.00 (1.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.62
±5.3%
Days to Expiry
3
Calendar days
Total Call OI
14,774
Nearest expiry
Total Put OI
1,521
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$11.69
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
$8.00
6/18/2026, 11:17:34 PM
2026-07-17
$14.00
7/17/2026, 11:23:12 PM
2026-08-21NextUpdated
$13.00
8/18/2026, 11:24:18 PM
2026-09-18
$14.00
8/18/2026, 11:24:18 PM
2026-10-16
$12.00
8/18/2026, 11:24:18 PM
2026-11-20
$9.00
8/18/2026, 11:24:18 PM
2026-12-18
$9.00
8/18/2026, 11:24:18 PM
2027-01-15
$7.00
8/18/2026, 11:24:18 PM
2027-03-19
$12.00
8/18/2026, 11:24:18 PM
Selected expiration: 2026-08-21 at max pain $13.00.
LION pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
692000
692000
9
100
539900
540000
10
200
388800
389000
11
2800
249700
252500
12
6100
121200
127300
13
24100
75600
99700
14
99600
52600
152200
15
965900
31700
997600
16
2371100
15800
2386900
17
3811100
0
3811100
18
5272100
0
5272100
20
8220700
0
8220700
21
9698100
0
9698100
22
11175500
0
11175500
23
12652900
0
12652900
24
14130300
0
14130300
25
15607700
0
15607700
30
22994700
0
22994700
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.