This page reflects LPLA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — LPLA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $300.00 (16.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$26.95
±9.5%
Days to Expiry
29
Calendar days
Total Call OI
1,117
Nearest expiry
Total Put OI
640
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$283.83
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
$300.00
4/17/2026, 11:19:28 PM
2026-05-15
$300.00
5/15/2026, 11:23:21 PM
2026-06-18NextUpdated
$300.00
5/20/2026, 11:23:13 PM
2026-07-17
$300.00
5/20/2026, 11:23:13 PM
2026-10-16
$290.00
5/20/2026, 11:23:13 PM
2026-12-18
$330.00
5/20/2026, 11:23:13 PM
Selected expiration: 2026-06-18 at max pain $300.00.
LPLA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
6750000
6750000
175
0
6430000
6430000
185
1000
5790000
5791000
200
2500
4830000
4832500
210
5500
4191000
4196500
220
9500
3552000
3561500
230
14500
2942000
2956500
240
22500
2332000
2354500
250
30500
1781000
1811500
260
38500
1400000
1438500
270
46500
1021000
1067500
280
54500
666000
720500
290
82500
480000
562500
300
125500
365000
490500
310
531500
273000
804500
320
950500
194000
1144500
330
1393500
120000
1513500
340
2080500
85000
2165500
350
2781500
50000
2831500
360
3614500
33000
3647500
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.