This page reflects LEGN 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 — LEGN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.50 (0.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.83
±8.3%
Days to Expiry
3
Calendar days
Total Call OI
7,048
Nearest expiry
Total Put OI
3,191
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$21.92
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
$27.50
6/18/2026, 11:19:40 PM
2026-07-17
$25.00
7/17/2026, 11:25:18 PM
2026-08-21NextUpdated
$22.50
8/18/2026, 11:22:19 PM
2026-09-18
$22.50
8/18/2026, 11:22:19 PM
2026-11-20
$20.00
8/18/2026, 11:22:19 PM
2026-12-18
$22.50
8/18/2026, 11:22:19 PM
2027-01-15
$20.00
8/18/2026, 11:22:19 PM
2027-02-19
$22.50
8/18/2026, 11:22:19 PM
2027-03-19
$22.50
8/18/2026, 11:22:19 PM
Selected expiration: 2026-08-21 at max pain $22.50.
LEGN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
3637000
3637000
12.5
0
2840250
2840250
15
750
2052000
2052750
17.5
5500
1316750
1322250
20
15250
687250
702500
22.5
249500
271500
521000
25
951000
94250
1045250
27.5
2129000
70250
2199250
30
3410000
46750
3456750
32.5
4955750
26250
4982000
35
6557250
5750
6563000
37.5
8221750
0
8221750
40
9957000
0
9957000
42.5
11711000
0
11711000
45
13466000
0
13466000
47.5
15221250
0
15221250
50
16976750
0
16976750
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.