This page reflects LNC 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 — LNC
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (0.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.22
±5.4%
Days to Expiry
11
Calendar days
Total Call OI
6,559
Nearest expiry
Total Put OI
7,540
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$40.91
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
$42.50
8/21/2026, 11:19:21 PM
2026-09-18
$40.00
9/18/2026, 11:19:16 PM
2026-10-16NextUpdated
$40.00
10/5/2026, 11:20:19 PM
2026-11-20
$42.50
10/5/2026, 11:20:19 PM
2026-12-18
$40.00
10/5/2026, 11:20:19 PM
2027-01-15
$40.00
10/5/2026, 11:20:19 PM
2027-03-19
$40.00
10/5/2026, 11:20:19 PM
2027-04-16
$42.50
10/5/2026, 11:20:19 PM
2027-06-17
$40.00
10/5/2026, 11:20:19 PM
2027-09-17
$42.50
10/5/2026, 11:20:19 PM
Selected expiration: 2026-10-16 at max pain $40.00.
LNC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
14520750
14520750
20
0
12635750
12635750
22.5
0
10750750
10750750
25
0
8872250
8872250
27.5
0
6994750
6994750
30
0
5117250
5117250
32.5
2500
3773500
3776000
35
10250
2476750
2487000
37.5
33250
1435750
1469000
40
123500
498750
622250
42.5
956500
49750
1006250
45
2091250
8000
2099250
47.5
3503750
250
3504000
50
5026750
0
5026750
52.5
6607250
0
6607250
55
8199000
0
8199000
60
11478500
0
11478500
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.