This page reflects LNC 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 — LNC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (2.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.33
±6.3%
Days to Expiry
15
Calendar days
Total Call OI
7,020
Nearest expiry
Total Put OI
4,179
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$37.00
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
$35.00
5/15/2026, 11:19:50 PM
2026-06-18
$35.00
6/18/2026, 11:24:21 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:17:40 PM
2026-08-21
$35.00
7/3/2026, 11:17:40 PM
2026-09-18
$37.50
7/3/2026, 11:17:40 PM
2026-10-16
$37.50
7/3/2026, 11:17:40 PM
2026-11-20
$30.00
7/3/2026, 11:17:40 PM
2026-12-18
$35.00
7/3/2026, 11:17:40 PM
2027-01-15
$37.50
7/3/2026, 11:17:40 PM
2027-03-19
$30.00
7/3/2026, 11:17:40 PM
2027-06-17
$37.50
7/3/2026, 11:17:40 PM
Selected expiration: 2026-07-17 at max pain $35.00.
LNC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
6862500
6862500
20
0
5818000
5818000
22.5
0
4774000
4774000
25
0
3730000
3730000
27.5
0
2694250
2694250
30
250
1693750
1694000
32.5
14000
881250
895250
35
143000
301500
444500
37.5
574250
98500
672750
40
1226000
55500
1281500
42.5
2507000
26250
2533250
45
3884750
3250
3888000
47.5
5320500
0
5320500
50
6792250
0
6792250
52.5
8413250
0
8413250
55
10036000
0
10036000
60
13546000
0
13546000
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.