This page reflects LEN 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 — LEN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $83.00 (4.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$83.00
Nearest expiry
Expected Move
±$2.42
±2.8%
Days to Expiry
2
Calendar days
Total Call OI
2,609
Nearest expiry
Total Put OI
1,131
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$87.31
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$89.00
5/8/2026, 11:19:15 PM
2026-05-15
$90.00
5/15/2026, 11:21:32 PM
2026-05-22NextUpdated
$83.00
5/20/2026, 11:19:17 PM
2026-05-29
$83.00
5/20/2026, 11:19:17 PM
2026-06-05
$89.00
5/20/2026, 11:19:17 PM
2026-06-12
$86.00
5/20/2026, 11:19:17 PM
2026-06-18
$95.00
5/20/2026, 11:19:17 PM
2026-06-26
$95.00
5/20/2026, 11:19:17 PM
2026-07-17
$90.00
5/20/2026, 11:19:17 PM
2026-08-21
$100.00
5/20/2026, 11:19:17 PM
2026-09-18
$100.00
5/20/2026, 11:19:17 PM
2026-11-20
$95.00
5/20/2026, 11:19:17 PM
2026-12-18
$105.00
5/20/2026, 11:19:17 PM
2027-01-15
$105.00
5/20/2026, 11:19:17 PM
2027-03-19
$85.00
5/20/2026, 11:19:17 PM
Selected expiration: 2026-05-22 at max pain $83.00.
LEN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
2059800
2059800
65
0
1599300
1599300
70
0
1139300
1139300
75
0
681300
681300
76
12500
590900
603400
77
37300
505500
542800
78
62400
421900
484300
79
88200
340600
428800
80
114100
270900
385000
81
156500
213600
370100
82
198900
162200
361100
83
242000
117300
359300
84
288700
85000
373700
85
343700
61400
405100
86
426500
46400
472900
87
518800
33100
551900
88
619400
24800
644200
89
724900
17800
742700
90
850200
12000
862200
91
1030000
7100
1037100
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.