This page reflects LNC 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 — LNC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $37.50 (2.02 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$2.80
±7.9%
Days to Expiry
29
Calendar days
Total Call OI
8,482
Nearest expiry
Total Put OI
11,999
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$35.48
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$35.00
4/17/2026, 11:16:08 PM
2026-05-15
$35.00
5/15/2026, 11:19:50 PM
2026-06-18NextUpdated
$37.50
5/20/2026, 11:22:52 PM
2026-07-17
$35.00
5/20/2026, 11:22:52 PM
2026-09-18
$37.50
5/20/2026, 11:22:52 PM
2026-10-16
$37.50
5/20/2026, 11:22:52 PM
2026-12-18
$35.00
5/20/2026, 11:22:52 PM
2027-01-15
$32.50
5/20/2026, 11:22:52 PM
2027-03-19
$30.00
5/20/2026, 11:22:52 PM
Selected expiration: 2026-06-18 at max pain $37.50.
LNC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
20882000
20882000
17.5
250
17891000
17891250
20
750
14901750
14902500
22.5
6250
11947500
11953750
25
12750
9014250
9027000
27.5
19250
6125250
6144500
30
25750
3338000
3363750
32.5
95750
1865000
1960750
35
282250
633500
915750
37.5
754250
152250
906500
40
1582500
15500
1598000
42.5
2906500
2000
2908500
45
4709750
0
4709750
47.5
6626000
0
6626000
50
8643250
0
8643250
52.5
10706750
0
10706750
55
12770250
0
12770250
60
16991750
0
16991750
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.