This page reflects LPLA 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 — LPLA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $350.00 (18.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$4.15
±1.1%
Days to Expiry
3
Calendar days
Total Call OI
2,684
Nearest expiry
Total Put OI
978
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$368.73
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
$290.00
6/18/2026, 11:21:15 PM
2026-07-17
$290.00
7/17/2026, 11:25:43 PM
2026-08-21NextUpdated
$350.00
8/18/2026, 11:20:39 PM
2026-09-18
$350.00
8/18/2026, 11:20:39 PM
2026-10-16
$300.00
8/18/2026, 11:20:39 PM
2026-12-18
$340.00
8/18/2026, 11:20:39 PM
2027-01-15
$350.00
8/18/2026, 11:20:39 PM
Selected expiration: 2026-08-21 at max pain $350.00.
LPLA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
12563000
12563000
200
0
11096000
11096000
210
0
10126000
10126000
220
0
9158000
9158000
230
0
8194000
8194000
240
0
7256000
7256000
250
0
6421000
6421000
260
0
5592000
5592000
270
1000
4770000
4771000
280
2000
3967000
3969000
290
13000
3223000
3236000
300
25000
2490000
2515000
310
39000
1771000
1810000
320
63000
1243000
1306000
330
89000
833000
922000
340
170000
491000
661000
350
274000
218000
492000
360
526000
3000
529000
370
888000
2000
890000
380
1327000
1000
1328000
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.