This page reflects LNG 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 — LNG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $260.00 (13.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$6.62
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
16,653
Nearest expiry
Total Put OI
2,461
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$273.78
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
2026-08-07
$242.50
8/7/2026, 11:21:51 PM
2026-08-14
$260.00
8/14/2026, 11:21:04 PM
2026-08-21NextUpdated
$260.00
8/18/2026, 11:19:26 PM
2026-08-28
$250.00
8/18/2026, 11:19:26 PM
2026-09-04
$265.00
8/18/2026, 11:19:26 PM
2026-09-11
$255.00
8/18/2026, 11:19:26 PM
2026-09-18
$250.00
8/18/2026, 11:19:26 PM
2026-09-25
$260.00
8/18/2026, 11:19:26 PM
2026-10-02
$265.00
8/18/2026, 11:19:26 PM
2026-11-20
$250.00
8/18/2026, 11:19:26 PM
2026-12-18
$220.00
8/18/2026, 11:19:26 PM
2027-01-15
$240.00
8/18/2026, 11:19:26 PM
2027-03-19
$230.00
8/18/2026, 11:19:26 PM
2027-06-17
$270.00
8/18/2026, 11:19:26 PM
Selected expiration: 2026-08-21 at max pain $260.00.
LNG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
23043500
23043500
180
0
15612500
15612500
185
500
14374000
14374500
190
1500
13138000
13139500
195
2500
11904000
11906500
200
3500
10673500
10677000
210
5500
8230500
8236000
220
7500
5822500
5830000
225
8500
4747000
4755500
230
9500
3699500
3709000
235
32000
2883000
2915000
237.5
45250
2526500
2571750
240
58500
2174000
2232500
242.5
92750
1891250
1984000
245
127000
1624000
1751000
247.5
161250
1362500
1523750
250
196750
1104000
1300750
252.5
286250
900500
1186750
255
376500
707250
1083750
257.5
504500
532500
1037000
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.