This page reflects LWLG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — LWLG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $11.00 (0.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$3.38
±28.9%
Days to Expiry
29
Calendar days
Total Call OI
32,838
Nearest expiry
Total Put OI
13,361
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$11.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$10.00
4/17/2026, 11:20:48 PM
2026-05-15
$15.00
5/15/2026, 11:22:19 PM
2026-06-18NextUpdated
$11.00
5/20/2026, 11:20:44 PM
2026-07-17
$12.00
5/20/2026, 11:20:44 PM
2026-09-18
$10.00
5/20/2026, 11:20:44 PM
2026-12-18
$11.00
5/20/2026, 11:20:44 PM
2027-01-15
$6.00
5/20/2026, 11:20:44 PM
Selected expiration: 2026-06-18 at max pain $11.00.
LWLG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
12673500
12673500
2
1300
11338200
11339500
3
2600
10003800
10006400
4
51400
8728100
8779500
5
160700
7542700
7703400
6
413600
6392600
6806200
7
701900
5263000
5964900
8
1039000
4271700
5310700
9
1397400
3332000
4729400
10
1861100
2468600
4329700
11
2441000
1778600
4219600
12
3065300
1174400
4239700
13
3911600
786000
4697600
14
4879600
490300
5369900
15
5921300
291100
6212400
16
7422300
153300
7575600
17
9078300
85500
9163800
18
10924200
61800
10986000
19
12890400
41000
12931400
20
14934900
22600
14957500
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.