This page reflects LMT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — LMT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $510.00 (4.59 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$510.00
Nearest expiry
Expected Move
±$5.95
±1.2%
Days to Expiry
7
Calendar days
Total Call OI
2,057
Nearest expiry
Total Put OI
1,256
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$505.41
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$530.00
9/25/2026, 11:22:29 PM
2026-10-02Updated
$512.50
10/2/2026, 11:16:39 PM
2026-10-09Next
$510.00
10/2/2026, 11:16:39 PM
2026-10-16
$525.00
10/2/2026, 11:16:39 PM
2026-10-23
$525.00
10/2/2026, 11:16:39 PM
2026-10-30
$540.00
10/2/2026, 11:16:39 PM
2026-11-06
$500.00
10/2/2026, 11:16:39 PM
2026-11-20
$530.00
10/2/2026, 11:16:39 PM
2026-12-18
$525.00
10/2/2026, 11:16:39 PM
2027-01-15
$530.00
10/2/2026, 11:16:39 PM
2027-03-19
$520.00
10/2/2026, 11:16:39 PM
2027-05-21
$515.00
10/2/2026, 11:16:39 PM
2027-06-17
$550.00
10/2/2026, 11:16:39 PM
2027-09-17
$510.00
10/2/2026, 11:16:39 PM
Selected expiration: 2026-10-09 at max pain $510.00.
LMT pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
400
0
11833250
11833250
410
1000
10577250
10578250
415
1500
9949750
9951250
425
2500
8695750
8698250
435
3500
7443750
7447250
440
4000
6842250
6846250
445
4500
6241250
6245750
450
5000
5645250
5650250
455
5500
5069250
5074750
460
6000
4502750
4508750
465
6500
3946250
3952750
470
7000
3393750
3400750
475
7500
2856250
2863750
480
8000
2344250
2352250
485
14000
1857750
1871750
490
20000
1424250
1444250
495
26500
1017750
1044250
500
34000
636750
670750
502.5
39250
506500
545750
505
44500
386250
430750
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.