This page reflects LEN 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 — LEN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $89.00 (4.06 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$89.00
Nearest expiry
Expected Move
±$2.57
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
14,218
Nearest expiry
Total Put OI
32,324
Nearest expiry
P/C OI Ratio
2.27
Put-heavy
Spot Price
$84.94
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
2026-08-07
$83.00
8/7/2026, 11:21:02 PM
2026-08-14
$85.00
8/14/2026, 11:21:51 PM
2026-08-21NextUpdated
$89.00
8/18/2026, 11:23:15 PM
2026-08-28
$85.00
8/18/2026, 11:23:15 PM
2026-09-04
$85.00
8/18/2026, 11:23:15 PM
2026-09-11
$85.00
8/18/2026, 11:23:15 PM
2026-09-18
$95.00
8/18/2026, 11:23:15 PM
2026-09-25
$88.00
8/18/2026, 11:23:15 PM
2026-10-02
$79.00
8/18/2026, 11:23:15 PM
2026-11-20
$90.00
8/18/2026, 11:23:15 PM
2026-12-18
$95.00
8/18/2026, 11:23:15 PM
2027-01-15
$100.00
8/18/2026, 11:23:15 PM
2027-02-19
$85.00
8/18/2026, 11:23:15 PM
2027-03-19
$90.00
8/18/2026, 11:23:15 PM
2027-06-17
$90.00
8/18/2026, 11:23:15 PM
Selected expiration: 2026-08-21 at max pain $89.00.
LEN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
117657900
117657900
50
0
101497900
101497900
55
500
85348900
85349400
60
1000
69211900
69212900
65
3500
53112900
53116400
70
6500
37169900
37176400
73
19100
27913400
27932500
74
23300
24831100
24854400
75
27700
21751100
21778800
76
33600
18829800
18863400
77
39500
15912500
15952000
78
49700
13000800
13050500
79
64400
10093900
10158300
80
79600
7192600
7272200
81
99000
5706300
5805300
82
119800
4252200
4372000
83
159200
2854700
3013900
84
206600
2421600
2628200
85
267100
2028800
2295900
86
375500
1782000
2157500
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.