This page reflects LVS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — LVS
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $46.50 (0.08 below 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
±$0.80
±1.7%
Days to Expiry
2
Calendar days
Total Call OI
8,016
Nearest expiry
Total Put OI
9,415
Nearest expiry
P/C OI Ratio
1.17
Put-heavy
Spot Price
$46.58
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
8/19/2026, 11:21:08 PM
2026-08-28
$46.00
8/19/2026, 11:21:08 PM
2026-09-04
$45.00
8/19/2026, 11:21:08 PM
2026-09-11
$46.00
8/19/2026, 11:21:08 PM
2026-09-18
$50.00
8/19/2026, 11:21:08 PM
2026-09-25
$45.00
8/19/2026, 11:21:08 PM
2026-10-16
$45.00
8/19/2026, 11:21:08 PM
2026-12-18
$40.00
8/19/2026, 11:21:08 PM
2027-01-15
$45.00
8/19/2026, 11:21:08 PM
2027-03-19
$45.00
8/19/2026, 11:21:08 PM
2027-06-17
$45.00
8/19/2026, 11:21:08 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
12115700
12115700
32.5
750
9765200
9765950
35
2250
7424950
7427200
36
2950
6494450
6497400
37
3650
5565550
5569200
37.5
4000
5101350
5105350
38
4350
4657250
4661600
39
5050
3769350
3774400
39.5
5400
3345650
3351050
40
5750
2922700
2928450
40.5
6350
2594550
2600900
41
6950
2267900
2274850
41.5
7550
1941300
1948850
42
8300
1627450
1635750
42.5
9050
1319200
1328250
43
11200
1067300
1078500
43.5
13400
839500
852900
44
15700
641750
657450
44.5
27100
476100
503200
45
38600
331100
369700
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.