This page reflects LMT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — LMT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $512.50 (33.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$512.50
Nearest expiry
Expected Move
±$19.15
±3.5%
Days to Expiry
8
Calendar days
Total Call OI
3,676
Nearest expiry
Total Put OI
2,547
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$545.91
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$502.50
6/26/2026, 11:19:39 PM
2026-07-02
$507.50
7/2/2026, 11:20:37 PM
2026-07-10NextUpdated
$512.50
7/3/2026, 11:20:44 PM
2026-07-17
$515.00
7/3/2026, 11:20:44 PM
2026-07-24
$490.00
7/3/2026, 11:20:44 PM
2026-07-31
$490.00
7/3/2026, 11:20:44 PM
2026-08-07
$430.00
7/3/2026, 11:20:44 PM
2026-08-21
$515.00
7/3/2026, 11:20:44 PM
2026-09-18
$540.00
7/3/2026, 11:20:44 PM
2026-11-20
$515.00
7/3/2026, 11:20:44 PM
2026-12-18
$500.00
7/3/2026, 11:20:44 PM
2027-01-15
$500.00
7/3/2026, 11:20:44 PM
2027-03-19
$510.00
7/3/2026, 11:20:44 PM
2027-05-21
$515.00
7/3/2026, 11:20:44 PM
2027-06-17
$460.00
7/3/2026, 11:20:44 PM
Selected expiration: 2026-07-10 at max pain $512.50.
LMT pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
375
0
19584250
19584250
400
210000
13216750
13426750
405
252000
12010750
12262750
410
294000
10880250
11174250
415
336000
9820250
10156250
420
380000
8832250
9212250
425
425000
7929250
8354250
430
470000
7069750
7539750
435
517500
6281250
6798750
440
578000
5520750
6098750
445
639500
4853250
5492750
450
701000
4233250
4934250
455
763500
3748250
4511750
460
826000
3316750
4142750
462.5
857250
3111750
3969000
465
888500
2907000
3795500
467.5
921250
2718500
3639750
470
954000
2540000
3494000
475
1043500
2199000
3242500
480
1133000
1862000
2995000
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.