This page reflects LNT 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 — LNT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (8.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$1.90
±2.4%
Days to Expiry
15
Calendar days
Total Call OI
2,225
Nearest expiry
Total Put OI
785
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$78.03
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
$70.00
5/15/2026, 11:22:18 PM
2026-06-18
$72.50
6/18/2026, 11:24:53 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:19:10 PM
2026-08-21
$72.50
7/3/2026, 11:19:10 PM
2026-10-16
$70.00
7/3/2026, 11:19:10 PM
2027-01-15
$72.50
7/3/2026, 11:19:10 PM
Selected expiration: 2026-07-17 at max pain $70.00.
LNT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2485750
2485750
37.5
0
2290500
2290500
40
0
2096500
2096500
42.5
0
1907500
1907500
45
0
1720750
1720750
47.5
0
1535750
1535750
50
250
1352750
1353000
55
3250
992250
995500
57.5
5250
815000
820250
60
7250
639750
647000
62.5
9750
468000
477750
65
12750
299250
312000
67.5
25000
190500
215500
70
42000
93500
135500
72.5
294000
2000
296000
75
600250
500
600750
77.5
1003250
250
1003500
80
1494000
0
1494000
82.5
2049000
0
2049000
85
2604500
0
2604500
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.