This page reflects LNG 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 — LNG
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $245.00 (1.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$245.00
Nearest expiry
Expected Move
±$6.45
±2.6%
Days to Expiry
2
Calendar days
Total Call OI
3,141
Nearest expiry
Total Put OI
1,434
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$243.66
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$252.50
5/8/2026, 11:19:29 PM
2026-05-15
$250.00
5/15/2026, 11:26:07 PM
2026-05-22NextUpdated
$245.00
5/20/2026, 11:18:35 PM
2026-05-29
$260.00
5/20/2026, 11:18:35 PM
2026-06-05
$245.00
5/20/2026, 11:18:35 PM
2026-06-12
$240.00
5/20/2026, 11:18:35 PM
2026-06-18
$260.00
5/20/2026, 11:18:35 PM
2026-06-26
$260.00
5/20/2026, 11:18:35 PM
2026-07-17
$250.00
5/20/2026, 11:18:35 PM
2026-09-18
$260.00
5/20/2026, 11:18:35 PM
2026-11-20
$230.00
5/20/2026, 11:18:35 PM
2026-12-18
$230.00
5/20/2026, 11:18:35 PM
2027-01-15
$240.00
5/20/2026, 11:18:35 PM
Selected expiration: 2026-05-22 at max pain $245.00.
LNG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
7488500
7488500
185
0
6772000
6772000
195
0
5339000
5339000
210
0
3564500
3564500
215
500
2973500
2974000
220
26000
2383500
2409500
222.5
39000
2101250
2140250
225
52000
1820000
1872000
227.5
72750
1577500
1650250
230
93500
1336250
1429750
232.5
127250
1105250
1232500
235
161250
875250
1036500
237.5
203000
655500
858500
240
245500
531500
777000
242.5
303000
424500
727500
245
369500
335000
704500
247.5
461750
265000
726750
250
598250
203250
801500
252.5
852750
151750
1004500
255
1118000
100250
1218250
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.