This page reflects LION options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — LION
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $14.00 (0.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$1.75
±11.9%
Days to Expiry
15
Calendar days
Total Call OI
23,752
Nearest expiry
Total Put OI
8,295
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$14.66
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$11.00
5/15/2026, 11:25:20 PM
2026-06-18
$8.00
6/18/2026, 11:17:34 PM
2026-07-17NextUpdated
$14.00
7/3/2026, 11:17:50 PM
2026-08-21
$15.00
7/3/2026, 11:17:50 PM
2026-09-18
$14.00
7/3/2026, 11:17:50 PM
2026-12-18
$9.00
7/3/2026, 11:17:50 PM
2027-01-15
$7.00
7/3/2026, 11:17:50 PM
Selected expiration: 2026-07-17 at max pain $14.00.
LION pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
6692600
6692600
8
0
5033600
5033600
9
0
4204200
4204200
10
100
3382800
3382900
11
600
2561400
2562000
12
1500
1740900
1742400
13
2600
929100
931700
14
525900
151100
677000
15
1280300
18800
1299100
16
2237100
8200
2245300
17
3895700
6400
3902100
18
5915700
5700
5921400
19
8258700
5000
8263700
20
10609300
4300
10613600
25
22485300
1300
22486600
26
24860500
900
24861400
27
27235700
500
27236200
28
29610900
200
29611100
29
31986100
0
31986100
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.