This page reflects LOPE 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 — LOPE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $145.00 (1.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$3.90
±2.7%
Days to Expiry
3
Calendar days
Total Call OI
1,347
Nearest expiry
Total Put OI
184
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$146.74
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
2026-06-18
$150.00
6/18/2026, 11:19:04 PM
2026-07-17
$150.00
7/17/2026, 11:20:25 PM
2026-08-21NextUpdated
$145.00
8/18/2026, 11:18:00 PM
2026-09-18
$160.00
8/18/2026, 11:18:00 PM
2026-12-18
$155.00
8/18/2026, 11:18:00 PM
2027-03-19
$100.00
8/18/2026, 11:18:00 PM
Selected expiration: 2026-08-21 at max pain $145.00.
LOPE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
368500
368500
120
0
277000
277000
125
0
216000
216000
135
1000
95000
96000
140
2000
37500
39500
145
7500
4500
12000
150
325000
0
325000
155
644500
0
644500
160
1299500
0
1299500
165
1957500
0
1957500
170
2617000
0
2617000
180
3961000
0
3961000
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.