This page reflects LVS 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 — LVS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $48.00 (1.01 above 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
±$0.72
±1.5%
Days to Expiry
8
Calendar days
Total Call OI
671
Nearest expiry
Total Put OI
905
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$46.99
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
$48.50
6/26/2026, 11:18:39 PM
2026-07-02
$48.00
7/2/2026, 11:20:29 PM
2026-07-10NextUpdated
$48.00
7/3/2026, 11:17:33 PM
2026-07-17
$50.00
7/3/2026, 11:17:33 PM
2026-07-24
$47.00
7/3/2026, 11:17:33 PM
2026-07-31
$48.00
7/3/2026, 11:17:33 PM
2026-08-07
$47.00
7/3/2026, 11:17:33 PM
2026-08-21
$50.00
7/3/2026, 11:17:33 PM
2026-09-18
$50.00
7/3/2026, 11:17:33 PM
2026-12-18
$47.50
7/3/2026, 11:17:33 PM
2027-01-15
$45.00
7/3/2026, 11:17:33 PM
2027-03-19
$45.00
7/3/2026, 11:17:33 PM
2027-06-17
$47.50
7/3/2026, 11:17:33 PM
Selected expiration: 2026-07-10 at max pain $48.00.
LVS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1453850
1453850
43.5
1350
232100
233450
44
2100
186850
188950
44.5
2850
150450
153300
45
4100
114600
118700
46
6600
66800
73400
46.5
8450
49500
57950
47
10300
34900
45200
47.5
12150
21500
33650
48
17250
12300
29550
48.5
23900
7150
31050
49
30950
2300
33250
49.5
45150
1350
46500
50
59550
400
59950
51
102250
0
102250
52
156150
0
156150
53
210850
0
210850
54
266350
0
266350
55
322350
0
322350
56
381650
0
381650
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.