This page reflects LUV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — LUV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $47.50 (2.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$2.79
±5.6%
Days to Expiry
8
Calendar days
Total Call OI
12,420
Nearest expiry
Total Put OI
1,746
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$50.25
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$45.50
6/26/2026, 11:18:57 PM
2026-07-02
$45.00
7/2/2026, 11:18:44 PM
2026-07-10NextUpdated
$47.50
7/3/2026, 11:20:03 PM
2026-07-17
$47.50
7/3/2026, 11:20:03 PM
2026-07-24
$45.00
7/3/2026, 11:20:03 PM
2026-07-31
$50.00
7/3/2026, 11:20:03 PM
2026-08-07
$50.00
7/3/2026, 11:20:03 PM
2026-08-21
$52.50
7/3/2026, 11:20:03 PM
2026-09-18
$47.50
7/3/2026, 11:20:03 PM
2026-12-18
$40.00
7/3/2026, 11:20:03 PM
2027-01-15
$37.50
7/3/2026, 11:20:03 PM
2027-03-19
$40.00
7/3/2026, 11:20:03 PM
2027-06-17
$47.50
7/3/2026, 11:20:03 PM
Selected expiration: 2026-07-10 at max pain $47.50.
LUV pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
2879950
2879950
33
0
2356750
2356750
34
0
2182450
2182450
35
0
2011150
2011150
36
0
1840550
1840550
37
0
1671750
1671750
38
0
1503050
1503050
39
200
1335550
1335750
40
400
1178750
1179150
41
2900
1025750
1028650
42
7000
875750
882750
42.5
9250
802400
811650
43
11500
729100
740600
43.5
14100
656600
670700
44
16700
584200
600900
44.5
19900
512500
532400
45
23100
440900
464000
45.5
32050
374500
406550
46
41000
308550
349550
46.5
53850
247850
301700
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.