This page reflects LPG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — LPG
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $52.50 (5.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$3.10
±5.4%
Days to Expiry
11
Calendar days
Total Call OI
2,498
Nearest expiry
Total Put OI
1,344
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$57.64
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$41.50
8/21/2026, 11:22:35 PM
2026-09-18
$29.30
9/18/2026, 11:22:03 PM
2026-10-16NextUpdated
$52.50
10/5/2026, 11:21:01 PM
2026-11-20
$52.50
10/5/2026, 11:21:01 PM
2026-12-18
$35.50
10/5/2026, 11:21:01 PM
2027-03-19
$46.50
10/5/2026, 11:21:01 PM
Selected expiration: 2026-10-16 at max pain $52.50.
LPG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
2789750
2789750
40
2000
1445750
1447750
42.5
2500
1110000
1112500
45
10500
774250
784750
47.5
19250
438500
457750
50
28250
103000
131250
52.5
77500
20250
97750
55
132750
250
133000
57.5
247000
0
247000
60
560250
0
560250
62.5
1171750
0
1171750
65
1790250
0
1790250
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.