This page reflects LPG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — LPG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $39.00 (2.99 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$39.00
Nearest expiry
Expected Move
±$2.40
±6.7%
Days to Expiry
15
Calendar days
Total Call OI
3,864
Nearest expiry
Total Put OI
80
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$36.01
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$35.00
5/15/2026, 11:24:31 PM
2026-06-18
$25.15
6/18/2026, 11:21:19 PM
2026-07-17NextUpdated
$39.00
7/3/2026, 11:17:08 PM
2026-09-18
$19.30
7/3/2026, 11:17:08 PM
2026-12-18
$35.00
7/3/2026, 11:17:08 PM
Selected expiration: 2026-07-17 at max pain $39.00.
LPG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
109950
109950
29
2000
69950
71950
34
5000
29950
34950
35
5800
21950
27750
36.5
7300
11150
18450
37.5
8700
5350
14050
39
12000
100
12100
40
14700
0
14700
41.5
19200
0
19200
42.5
34000
0
34000
44
58000
0
58000
45
77300
0
77300
46.5
382250
0
382250
47.5
606950
0
606950
49
948200
0
948200
50
1333700
0
1333700
54
2876500
0
2876500
55
3262800
0
3262800
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.