This page reflects LOAR 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 — LOAR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (0.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$6.00
±9.9%
Days to Expiry
29
Calendar days
Total Call OI
783
Nearest expiry
Total Put OI
1,427
Nearest expiry
P/C OI Ratio
1.82
Put-heavy
Spot Price
$60.84
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
$65.00
4/17/2026, 11:23:25 PM
2026-05-15
$60.00
5/15/2026, 11:26:18 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:20:27 PM
2026-09-18
$45.00
5/20/2026, 11:20:27 PM
2026-12-18
$65.00
5/20/2026, 11:20:27 PM
2027-01-15
$70.00
5/20/2026, 11:20:27 PM
Selected expiration: 2026-06-18 at max pain $60.00.
LOAR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2565000
2565000
40
0
1852000
1852000
45
500
1141000
1141500
50
1000
444500
445500
55
7500
39000
46500
60
21500
16500
38000
65
77000
2500
79500
70
155500
0
155500
75
257000
0
257000
80
372000
0
372000
85
497500
0
497500
90
627000
0
627000
95
1009500
0
1009500
100
1392000
0
1392000
105
1774500
0
1774500
110
2158000
0
2158000
115
2543000
0
2543000
120
2929000
0
2929000
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.