This page reflects LNN 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 — LNN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (8.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$3.23
±3.0%
Days to Expiry
29
Calendar days
Total Call OI
41
Nearest expiry
Total Put OI
51
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$108.48
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
$110.00
4/17/2026, 11:16:08 PM
2026-05-15
$110.00
5/15/2026, 11:21:50 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:18:03 PM
2026-09-18
$115.00
5/20/2026, 11:18:03 PM
2026-12-18
$75.00
5/20/2026, 11:18:03 PM
Selected expiration: 2026-06-18 at max pain $100.00.
LNN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
67000
67000
85
0
43500
43500
90
0
33000
33000
95
0
23500
23500
100
1500
15500
17000
105
8000
9000
17000
110
15000
6000
21000
115
24000
3000
27000
120
38000
2000
40000
125
54000
1000
55000
130
70500
0
70500
135
88500
0
88500
140
106500
0
106500
145
124500
0
124500
150
143500
0
143500
155
162500
0
162500
165
200500
0
200500
170
220000
0
220000
175
239500
0
239500
185
278500
0
278500
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.