This page reflects LNT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — LNT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (0.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$1.92
±3.0%
Days to Expiry
14
Calendar days
Total Call OI
662
Nearest expiry
Total Put OI
166
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$64.33
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
$70.00
8/21/2026, 11:20:00 PM
2026-09-18
$67.50
9/18/2026, 11:20:22 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:19:59 PM
2026-11-20
$65.00
10/2/2026, 11:19:59 PM
2027-01-15
$67.50
10/2/2026, 11:19:59 PM
2027-04-16
$70.00
10/2/2026, 11:19:59 PM
Selected expiration: 2026-10-16 at max pain $65.00.
LNT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
344000
344000
42.5
0
305750
305750
50
0
191750
191750
55
0
117750
117750
60
0
44250
44250
62.5
500
25250
25750
65
1500
14500
16000
67.5
7750
9250
17000
70
18250
7250
25500
72.5
47250
5250
52500
75
91750
3750
95500
77.5
157250
2250
159500
80
245500
1000
246500
82.5
358750
500
359250
85
489000
0
489000
95
1010000
0
1010000
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.