This page reflects LPX 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 — LPX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (5.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$7.10
±10.1%
Days to Expiry
29
Calendar days
Total Call OI
208
Nearest expiry
Total Put OI
74
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$70.06
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
$75.00
4/17/2026, 11:17:52 PM
2026-05-15
$75.00
5/15/2026, 11:25:12 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:20:40 PM
2026-08-21
$75.00
5/20/2026, 11:20:40 PM
2026-11-20
$70.00
5/20/2026, 11:20:40 PM
Selected expiration: 2026-06-18 at max pain $65.00.
LPX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
150500
150500
50
0
83500
83500
55
2500
50500
53000
60
5000
20000
25000
65
8000
4000
12000
70
12500
1500
14000
75
19500
500
20000
80
54500
0
54500
85
115000
0
115000
90
183500
0
183500
95
277000
0
277000
105
475000
0
475000
110
575500
0
575500
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.