This page reflects LMB 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 — LMB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (3.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$11.70
±16.0%
Days to Expiry
29
Calendar days
Total Call OI
2,173
Nearest expiry
Total Put OI
128
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$73.12
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
$80.00
4/17/2026, 11:17:39 PM
2026-05-15
$75.00
5/15/2026, 11:21:33 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:18:34 PM
2026-07-17
$70.00
5/20/2026, 11:18:34 PM
2026-09-18
$75.00
5/20/2026, 11:18:34 PM
2026-10-16
$90.00
5/20/2026, 11:18:34 PM
2027-01-15
$40.00
5/20/2026, 11:18:34 PM
Selected expiration: 2026-06-18 at max pain $70.00.
LMB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
125500
125500
65
0
69000
69000
70
0
27500
27500
75
416000
13500
429500
80
835500
6000
841500
85
1755000
3500
1758500
90
2679000
2500
2681500
95
3605500
2000
3607500
100
4533000
1500
4534500
105
5461000
1000
5462000
115
7323000
0
7323000
120
8254000
0
8254000
125
9339000
0
9339000
130
10424500
0
10424500
135
11510000
0
11510000
140
12596500
0
12596500
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.