This page reflects LMB 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 — LMB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (6.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$2.50
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
1,668
Nearest expiry
Total Put OI
242
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$43.15
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
$70.00
6/18/2026, 11:20:22 PM
2026-07-17
$80.00
7/17/2026, 11:25:31 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:25:14 PM
2026-09-18
$50.00
8/18/2026, 11:25:14 PM
2026-10-16
$90.00
8/18/2026, 11:25:14 PM
2027-01-15
$55.00
8/18/2026, 11:25:14 PM
Selected expiration: 2026-08-21 at max pain $50.00.
LMB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
182000
182000
40
0
66500
66500
45
1500
26000
27500
50
15500
13000
28500
55
129000
6500
135500
60
289000
0
289000
65
508000
0
508000
70
732000
0
732000
75
963000
0
963000
80
1695000
0
1695000
85
2495000
0
2495000
90
3309500
0
3309500
95
4137500
0
4137500
100
4967000
0
4967000
105
5798000
0
5798000
110
6630500
0
6630500
115
7463500
0
7463500
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.