This page reflects LPX 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 — LPX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (3.77 above 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
±$3.12
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
5,313
Nearest expiry
Total Put OI
5,977
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$71.23
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
8/18/2026, 11:24:22 PM
2026-09-18
$70.00
8/18/2026, 11:24:22 PM
2026-11-20
$60.00
8/18/2026, 11:24:22 PM
2027-02-19
$45.00
8/18/2026, 11:24:22 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
17150000
17150000
45
0
14188500
14188500
50
0
11232000
11232000
55
1000
8285000
8286000
60
2000
5360500
5362500
65
3000
2474000
2477000
70
4000
1170000
1174000
75
7000
33500
40500
80
77500
14000
91500
85
534500
6000
540500
90
1057500
0
1057500
95
1603000
0
1603000
100
4164000
0
4164000
105
6759000
0
6759000
110
9354000
0
9354000
115
11966500
0
11966500
120
14612000
0
14612000
135
22572500
0
22572500
140
25226000
0
25226000
145
27881000
0
27881000
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.