This page reflects LYEL 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 — LYEL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (0.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$3.05
±21.7%
Days to Expiry
15
Calendar days
Total Call OI
452
Nearest expiry
Total Put OI
283
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$14.05
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
$21.00
5/15/2026, 11:26:03 PM
2026-06-18
$16.00
6/18/2026, 11:21:28 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:17:28 PM
2026-08-21
$14.00
7/3/2026, 11:17:28 PM
2026-10-16
$15.00
7/3/2026, 11:17:28 PM
2027-01-15
$16.00
7/3/2026, 11:17:28 PM
Selected expiration: 2026-07-17 at max pain $15.00.
LYEL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
371500
371500
10
500
230000
230500
12
700
175400
176100
15
74500
93800
168300
16
108100
86800
194900
18
175900
72800
248700
20
243700
59400
303100
23
346000
42900
388900
25
414800
31900
446700
26
449300
27600
476900
27
483900
23400
507300
28
518800
19200
538000
29
554000
15000
569000
30
589300
10800
600100
32
665900
6400
672300
33
704200
4200
708400
34
744800
2000
746800
35
785400
1000
786400
36
828700
0
828700
37
872000
0
872000
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.