This page reflects LION options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — LION
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $12.00 (0.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.00
±8.9%
Days to Expiry
11
Calendar days
Total Call OI
5,086
Nearest expiry
Total Put OI
1,902
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$11.17
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
$13.00
8/21/2026, 11:20:12 PM
2026-09-18
$12.00
9/18/2026, 11:19:31 PM
2026-10-16NextUpdated
$12.00
10/5/2026, 11:18:42 PM
2026-11-20
$10.00
10/5/2026, 11:18:42 PM
2026-12-18
$9.00
10/5/2026, 11:18:42 PM
2027-01-15
$7.00
10/5/2026, 11:18:42 PM
2027-03-19
$7.00
10/5/2026, 11:18:42 PM
Selected expiration: 2026-10-16 at max pain $12.00.
LION pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
538200
538200
7
1000
348000
349000
8
2300
157800
160100
9
3600
117600
121200
10
7700
77400
85100
11
13900
44500
58400
12
32500
23400
55900
13
431100
10900
442000
14
921300
100
921400
15
1421900
0
1421900
16
1922500
0
1922500
17
2423100
0
2423100
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.