This page reflects LAZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — LAZ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (3.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.15
±8.7%
Days to Expiry
14
Calendar days
Total Call OI
669
Nearest expiry
Total Put OI
622
Nearest expiry
P/C OI Ratio
0.93
Put-heavy
Spot Price
$36.07
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$42.00
8/21/2026, 11:20:19 PM
2026-09-18
$40.00
9/18/2026, 11:17:28 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:20:13 PM
2026-11-20
$40.00
10/2/2026, 11:20:13 PM
2026-12-18
$43.00
10/2/2026, 11:20:13 PM
2027-03-19
$41.00
10/2/2026, 11:20:13 PM
Selected expiration: 2026-10-16 at max pain $40.00.
LAZ pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
29
0
462000
462000
30
0
399500
399500
31
0
337300
337300
33
0
244900
244900
34
600
199000
199600
35
2200
156700
158900
36
5400
118000
123400
37
11000
81400
92400
38
23200
53600
76800
39
35800
26300
62100
40
48500
3500
52000
41
84900
2200
87100
42
122900
1000
123900
43
162600
0
162600
44
209000
0
209000
45
256500
0
256500
47
362300
0
362300
48
421900
0
421900
49
483200
0
483200
50
546400
0
546400
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.