This page reflects LPX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — LPX
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (0.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$2.88
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
5,318
Nearest expiry
Total Put OI
5,975
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$75.99
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
$70.00
6/18/2026, 11:21:46 PM
2026-07-17
$75.00
7/17/2026, 11:19:12 PM
2026-08-21NextUpdated
$75.00
8/19/2026, 11:24:36 PM
2026-09-18
$70.00
8/19/2026, 11:24:36 PM
2026-11-20
$60.00
8/19/2026, 11:24:36 PM
2027-02-19
$45.00
8/19/2026, 11:24:36 PM
Selected expiration: 2026-08-21 at max pain $75.00.
LPX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
17145000
17145000
45
0
14184500
14184500
50
0
11229000
11229000
55
1000
8283000
8284000
60
2000
5359500
5361500
65
3000
2473500
2476500
70
4000
1170000
1174000
75
7000
33500
40500
80
77500
14000
91500
85
534500
6000
540500
90
1061000
0
1061000
95
1609000
0
1609000
100
4172500
0
4172500
105
6770000
0
6770000
110
9367500
0
9367500
115
11982500
0
11982500
120
14630500
0
14630500
135
22598500
0
22598500
140
25254500
0
25254500
145
27912000
0
27912000
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.