Max Pain — LUV
Data as of market close Apr 2, 2026
LUV Max Pain Data
- Max Pain Strike
- $40.00
- Expected Move
- ±$2.56 (±6.8%)
- Days to Expiry
- 8
- Total Call OI
- 6,633
- Total Put OI
- 11,171
- Put/Call OI Ratio
- 1.68
- Spot Price
- $37.60
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $40.00 | 3/27/2026, 2:42:46 PM |
| 2026-04-02 | $39.00 | 4/1/2026, 7:58:44 PM |
| 2026-04-10 | $40.00 | 4/3/2026, 12:59:42 AM |
| 2026-04-17 | $40.00 | 4/3/2026, 12:59:42 AM |
| 2026-04-24 | $40.00 | 4/3/2026, 12:59:42 AM |
| 2026-05-01 | $40.00 | 4/3/2026, 12:59:42 AM |
| 2026-05-08 | $38.00 | 4/3/2026, 12:59:42 AM |
| 2026-05-15 | $42.50 | 4/3/2026, 12:59:42 AM |
| 2026-06-18 | $45.00 | 4/3/2026, 12:59:42 AM |
| 2026-09-18 | $47.50 | 4/3/2026, 12:59:42 AM |
| 2026-12-18 | $40.00 | 4/3/2026, 12:59:42 AM |
| 2027-01-15 | $35.00 | 4/3/2026, 12:59:42 AM |
| 2027-03-19 | $40.00 | 4/3/2026, 12:59:42 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 30 | 0 | 8888850 | 8888850 |
| 31 | 0 | 7776450 | 7776450 |
| 32 | 1400 | 6685450 | 6686850 |
| 33 | 2800 | 5595550 | 5598350 |
| 34 | 5600 | 4519950 | 4525550 |
| 34.5 | 7000 | 3983950 | 3990950 |
| 35 | 8400 | 3449600 | 3458000 |
| 35.5 | 9800 | 2925950 | 2935750 |
| 36 | 11200 | 2404150 | 2415350 |
| 36.5 | 13450 | 1886850 | 1900300 |
| 37 | 17800 | 1374950 | 1392750 |
| 37.5 | 23900 | 888950 | 912850 |
| 38 | 32050 | 406750 | 438800 |
| 38.5 | 62700 | 316300 | 379000 |
| 39 | 99600 | 227400 | 327000 |
| 39.5 | 146450 | 170400 | 316850 |
| 40 | 197500 | 119050 | 316550 |
| 40.5 | 264650 | 84050 | 348700 |
| 41 | 334350 | 50150 | 384500 |
| 41.5 | 408800 | 40750 | 449550 |
View max pain levels for LUV options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.