This page reflects LWLG 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 — LWLG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.00 (2.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.45
±19.7%
Days to Expiry
15
Calendar days
Total Call OI
12,891
Nearest expiry
Total Put OI
12,670
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$7.37
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$15.00
5/15/2026, 11:22:19 PM
2026-06-18
$9.00
6/18/2026, 11:20:39 PM
2026-07-17NextUpdated
$10.00
7/3/2026, 11:19:04 PM
2026-08-21
$9.00
7/3/2026, 11:19:04 PM
2026-09-18
$10.00
7/3/2026, 11:19:04 PM
2026-12-18
$13.00
7/3/2026, 11:19:04 PM
2027-01-15
$7.00
7/3/2026, 11:19:04 PM
Selected expiration: 2026-07-17 at max pain $10.00.
LWLG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
11698600
11698600
2
100
10431600
10431700
3
300
9164600
9164900
4
600
7898100
7898700
5
1000
6631600
6632600
6
1700
5367100
5368800
7
3700
4127100
4130800
8
16700
2916400
2933100
9
54200
1794800
1849000
10
196000
878000
1074000
11
477300
596800
1074100
12
863200
361700
1224900
13
1503500
195900
1699400
14
2229600
86700
2316300
15
3051600
2200
3053800
16
4047200
0
4047200
17
5082200
0
5082200
18
6144800
0
6144800
19
7238600
0
7238600
20
8375700
0
8375700
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.