This page reflects LQDA 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 — LQDA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (0.67 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
±$6.38
±8.6%
Days to Expiry
3
Calendar days
Total Call OI
27,380
Nearest expiry
Total Put OI
37,330
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$74.33
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
2026-08-07
$85.00
8/7/2026, 11:19:54 PM
2026-08-14
$85.00
8/14/2026, 11:21:26 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:24:36 PM
2026-08-28
$81.00
8/18/2026, 11:24:36 PM
2026-09-04
$85.00
8/18/2026, 11:24:36 PM
2026-09-11
$84.00
8/18/2026, 11:24:36 PM
2026-09-18
$77.50
8/18/2026, 11:24:36 PM
2026-09-25
$82.00
8/18/2026, 11:24:36 PM
2026-10-02
$76.00
8/18/2026, 11:24:36 PM
2026-10-16
$62.50
8/18/2026, 11:24:36 PM
2026-12-18
$55.00
8/18/2026, 11:24:36 PM
2027-01-15
$20.00
8/18/2026, 11:24:36 PM
2027-03-19
$72.50
8/18/2026, 11:24:36 PM
Selected expiration: 2026-08-21 at max pain $75.00.
LQDA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
111767800
111767800
35
2500
93291800
93294300
37.5
5000
84059550
84064550
40
7500
74957050
74964550
42.5
11500
66230550
66242050
45
15500
57507300
57522800
47.5
19750
49013550
49033300
50
31000
40624800
40655800
52.5
89250
32789550
32878800
55
147500
25022300
25169800
57.5
208750
18631300
18840050
60
270000
12280800
12550800
62.5
371250
9772550
10143800
65
475000
7288800
7763800
66
530100
6663800
7193900
67
585600
6068200
6653800
67.5
614650
5779300
6393950
68
645700
5507450
6153150
69
709700
4967650
5677350
70
773700
4430350
5204050
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.