This page reflects LEGN 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 — LEGN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $25.00 (3.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$5.40
±19.2%
Days to Expiry
29
Calendar days
Total Call OI
3,956
Nearest expiry
Total Put OI
788
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$28.12
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
$17.50
4/17/2026, 11:17:12 PM
2026-05-15
$22.50
5/15/2026, 11:21:35 PM
2026-06-18NextUpdated
$25.00
5/20/2026, 11:22:16 PM
2026-08-21
$22.50
5/20/2026, 11:22:16 PM
2026-09-18
$25.00
5/20/2026, 11:22:16 PM
2026-11-20
$22.50
5/20/2026, 11:22:16 PM
2026-12-18
$25.00
5/20/2026, 11:22:16 PM
2027-01-15
$20.00
5/20/2026, 11:22:16 PM
Selected expiration: 2026-06-18 at max pain $25.00.
LEGN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1506000
1506000
15
0
720000
720000
17.5
500
523500
524000
20
1250
333250
334500
22.5
2000
163250
165250
25
4250
51250
55500
27.5
87000
10250
97250
30
275750
0
275750
32.5
652250
0
652250
35
1144500
0
1144500
37.5
2114000
0
2114000
40
3094750
0
3094750
42.5
4080500
0
4080500
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.