This page reflects LVS 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 — LVS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $46.50 (1.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$46.50
Nearest expiry
Expected Move
±$1.07
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
8,354
Nearest expiry
Total Put OI
9,157
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$45.47
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
$46.50
8/7/2026, 11:24:41 PM
2026-08-14
$46.00
8/14/2026, 11:19:44 PM
2026-08-21NextUpdated
$46.50
8/18/2026, 11:21:32 PM
2026-08-28
$46.00
8/18/2026, 11:21:32 PM
2026-09-04
$45.00
8/18/2026, 11:21:32 PM
2026-09-11
$46.00
8/18/2026, 11:21:32 PM
2026-09-18
$50.00
8/18/2026, 11:21:32 PM
2026-09-25
$45.00
8/18/2026, 11:21:32 PM
2026-10-16
$45.00
8/18/2026, 11:21:32 PM
2026-12-18
$40.00
8/18/2026, 11:21:32 PM
2027-01-15
$45.00
8/18/2026, 11:21:32 PM
2027-03-19
$45.00
8/18/2026, 11:21:32 PM
2027-06-17
$45.00
8/18/2026, 11:21:32 PM
Selected expiration: 2026-08-21 at max pain $46.50.
LVS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
11780300
11780300
32.5
750
9494300
9495050
35
2000
7218550
7220550
36
2600
6313850
6316450
37
3200
5410750
5413950
37.5
3500
4959450
4962950
38
3800
4528250
4532050
39
4400
3666150
3670550
39.5
4700
3255350
3260050
40
5000
2845300
2850300
40.5
5450
2530050
2535500
41
5900
2216300
2222200
41.5
6350
1902600
1908950
42
6850
1601650
1608500
42.5
7350
1306300
1313650
43
9250
1068000
1077250
43.5
11200
853900
865100
44
13200
669850
683050
44.5
30000
512350
542350
45
46900
367300
414200
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.