This page reflects LOPE 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 — LOPE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (11.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$5.20
±3.3%
Days to Expiry
29
Calendar days
Total Call OI
146
Nearest expiry
Total Put OI
509
Nearest expiry
P/C OI Ratio
3.49
Put-heavy
Spot Price
$158.76
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
$165.00
4/17/2026, 11:19:36 PM
2026-05-15
$160.00
5/15/2026, 11:19:59 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:18:31 PM
2026-09-18
$185.00
5/20/2026, 11:18:31 PM
2026-12-18
$160.00
5/20/2026, 11:18:31 PM
Selected expiration: 2026-06-18 at max pain $170.00.
LOPE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
1538500
1538500
100
0
1314000
1314000
105
0
1111500
1111500
110
0
932500
932500
115
0
773000
773000
125
0
554000
554000
130
0
444500
444500
135
0
335000
335000
140
0
237000
237000
150
0
97000
97000
155
0
55500
55500
160
0
36000
36000
165
0
22000
22000
170
2500
12500
15000
175
11000
5500
16500
180
28000
2500
30500
185
56000
1000
57000
190
86500
0
86500
195
136000
0
136000
200
189000
0
189000
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.