This page reflects LYB 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 — LYB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (16.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$7.90
±11.1%
Days to Expiry
29
Calendar days
Total Call OI
34,498
Nearest expiry
Total Put OI
22,464
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$71.30
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
$72.50
4/17/2026, 11:17:46 PM
2026-05-15
$70.00
5/15/2026, 11:23:19 PM
2026-06-18NextUpdated
$55.00
5/20/2026, 11:21:17 PM
2026-07-17
$70.00
5/20/2026, 11:21:17 PM
2026-09-18
$70.00
5/20/2026, 11:21:17 PM
2026-12-18
$60.00
5/20/2026, 11:21:17 PM
2027-01-15
$65.00
5/20/2026, 11:21:17 PM
2027-03-19
$67.50
5/20/2026, 11:21:17 PM
Selected expiration: 2026-06-18 at max pain $55.00.
LYB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
67948750
67948750
25
0
62542000
62542000
30
0
51728500
51728500
32.5
2750
46462000
46464750
35
8250
41230250
41238500
37.5
19500
36396750
36416250
40
30750
31591000
31621750
42.5
218250
27407000
27625250
45
409500
23509750
23919250
47.5
1130250
20044000
21174250
50
2259250
16831000
19090250
52.5
4040750
13927250
17968000
55
6316750
11287500
17604250
57.5
9002250
9232750
18235000
60
11755000
7255250
19010250
62.5
14895250
5563000
20458250
65
18097250
4081750
22179000
67.5
21908750
2899000
24807750
70
25781750
2001000
27782750
72.5
30131250
1285750
31417000
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.