This page reflects LWLG 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 — LWLG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (1.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.73
±10.9%
Days to Expiry
3
Calendar days
Total Call OI
8,616
Nearest expiry
Total Put OI
4,790
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$6.64
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
2026-06-18
$9.00
6/18/2026, 11:20:39 PM
2026-07-17
$8.00
7/17/2026, 11:26:05 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:19:23 PM
2026-09-18
$9.00
8/18/2026, 11:19:23 PM
2026-12-18
$11.00
8/18/2026, 11:19:23 PM
2027-01-15
$7.00
8/18/2026, 11:19:23 PM
2027-03-19
$6.00
8/18/2026, 11:19:23 PM
Selected expiration: 2026-08-21 at max pain $8.00.
LWLG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
2471000
2471000
4
0
1513000
1513000
5
0
1045700
1045700
6
10700
621900
632600
7
45000
268000
313000
8
163800
116100
279900
9
451500
26000
477500
10
921000
9900
930900
11
1563900
2400
1566300
12
2250400
1600
2252000
13
3017300
1000
3018300
14
3805800
500
3806300
15
4630900
0
4630900
16
5481000
0
5481000
17
6336200
0
6336200
18
7194000
0
7194000
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.