This page reflects LQDA 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 — LQDA
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $48.00 (13.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$48.00
Nearest expiry
Expected Move
±$1.85
±3.0%
Days to Expiry
2
Calendar days
Total Call OI
4,232
Nearest expiry
Total Put OI
1,342
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$61.77
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$38.00
5/8/2026, 11:20:14 PM
2026-05-15
$40.00
5/15/2026, 11:22:23 PM
2026-05-22NextUpdated
$48.00
5/20/2026, 11:20:18 PM
2026-05-29
$50.00
5/20/2026, 11:20:18 PM
2026-06-05
$49.00
5/20/2026, 11:20:18 PM
2026-06-12
$50.00
5/20/2026, 11:20:18 PM
2026-06-18
$50.00
5/20/2026, 11:20:18 PM
2026-06-26
$54.00
5/20/2026, 11:20:18 PM
2026-07-17
$40.00
5/20/2026, 11:20:18 PM
2026-10-16
$35.00
5/20/2026, 11:20:18 PM
2026-12-18
$30.00
5/20/2026, 11:20:18 PM
2027-01-15
$15.00
5/20/2026, 11:20:18 PM
Selected expiration: 2026-05-22 at max pain $48.00.
LQDA pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
3310400
3310400
25
0
2649400
2649400
27
0
2387800
2387800
28
0
2258300
2258300
29
0
2132000
2132000
30
0
2007700
2007700
31.5
0
1827550
1827550
32
0
1767550
1767550
33
0
1648750
1648750
34
0
1531850
1531850
35
0
1416050
1416050
36
500
1329550
1330050
37
1000
1247450
1248450
38
1600
1166850
1168450
39
2300
1089250
1091550
39.5
3200
1050500
1053700
40
4150
1011800
1015950
40.5
6700
973400
980100
41
19300
935050
954350
41.5
32850
897700
930550
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.