This page reflects LPG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — LPG
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $23.65 (18.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.65
Nearest expiry
Expected Move
±$1.43
±3.4%
Days to Expiry
30
Calendar days
Total Call OI
7,274
Nearest expiry
Total Put OI
501
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$42.32
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
$32.50
4/17/2026, 11:17:57 PM
2026-05-15
$35.00
5/15/2026, 11:24:31 PM
2026-06-18NextUpdated
$23.65
5/19/2026, 11:19:14 PM
2026-09-18
$17.50
5/19/2026, 11:19:14 PM
2026-12-18
$30.00
5/19/2026, 11:19:14 PM
Selected expiration: 2026-06-18 at max pain $23.65.
LPG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
11.8
0
661355
661355
12.5
0
626285
626285
13.65
0
569015
569015
14.35
0
534155
534155
16.15
0
446135
446135
16.85
0
411905
411905
18.65
0
325325
325325
19.35
0
291655
291655
21.15
900
206695
207595
21.85
1250
181145
182395
22.5
3200
164375
167575
23.65
11480
134820
146300
24.35
31080
118230
149310
25
63450
104125
167575
26.15
121410
79515
200925
26.85
204150
68035
272185
27.5
325830
60430
386260
28.65
541110
47550
588660
29.35
688110
39710
727820
30
841250
33405
874655
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.