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LLY

Eli Lilly and CompanyClose $1225.73EOD only
Max Pain
$1177.50
Next expiry Aug 21, 2026
Expected Move
±$30.18
2.5% from close
Price Gap
-48.23
Distance to max pain
IV Rank
16
Low premium
P/C OI
1.30
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects LLY 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 — LLY
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $1177.50 (48.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$1177.50
Nearest expiry
Expected Move
±$30.18
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
24,071
Nearest expiry
Total Put OI
27,280
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$1225.73
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$1140.008/7/2026, 11:25:31 PM
2026-08-14$1205.008/14/2026, 11:19:12 PM
2026-08-21NextUpdated$1177.508/18/2026, 11:25:05 PM
2026-08-28$1190.008/18/2026, 11:25:05 PM
2026-09-04$1165.008/18/2026, 11:25:05 PM
2026-09-11$1190.008/18/2026, 11:25:05 PM
2026-09-18$1060.008/18/2026, 11:25:05 PM
2026-09-25$1195.008/18/2026, 11:25:05 PM
2026-10-02$1205.008/18/2026, 11:25:05 PM
2026-10-16$1140.008/18/2026, 11:25:05 PM
2026-11-20$1120.008/18/2026, 11:25:05 PM
2026-12-18$1000.008/18/2026, 11:25:05 PM
2027-01-15$950.008/18/2026, 11:25:05 PM
2027-03-19$1060.008/18/2026, 11:25:05 PM
2027-06-17$850.008/18/2026, 11:25:05 PM
Selected expiration: 2026-08-21 at max pain $1177.50.
LLY pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
520012420765001242076500
540200011876825001187684500
560400011334045001133408500
580600010792985001079304500
600800010254285001025436500
62014000971900500971914500
64020000919422500919442500
66026000867310500867336500
68036000815608500815644500
70048000764418500764466500
72060000714164500714224500
74072000664886500664958500
76084000615998500616082500
78096000567858500567954500
800110000520832500520942500
810125000498010500498135500
820140000475310500475450500
830155000453057500453212500
840170000430976500431146500
850185000409597500409782500
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.