This page reflects LRN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — LRN
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (32.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$7.82
±8.9%
Days to Expiry
28
Calendar days
Total Call OI
7,689
Nearest expiry
Total Put OI
1,659
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$87.65
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
$85.00
4/17/2026, 11:20:41 PM
2026-05-15
$95.00
5/15/2026, 11:21:19 PM
2026-06-18NextUpdated
$55.00
5/21/2026, 11:21:48 PM
2026-07-17
$85.00
5/21/2026, 11:21:48 PM
2026-09-18
$85.00
5/21/2026, 11:21:48 PM
2026-12-18
$100.00
5/21/2026, 11:21:48 PM
2027-01-15
$85.00
5/21/2026, 11:21:48 PM
Selected expiration: 2026-06-18 at max pain $55.00.
LRN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
6877000
6877000
40
11500
6047500
6059000
45
26500
5218000
5244500
50
46000
4398000
4444000
55
566000
3638000
4204000
60
1710000
2911500
4621500
65
2875000
2237500
5112500
70
4199000
1605500
5804500
75
5688500
1021500
6710000
80
7414500
511000
7925500
85
9281000
303500
9584500
90
11279500
175500
11455000
95
13501000
71500
13572500
100
15815500
15000
15830500
105
18669500
11500
18681000
110
21614500
8000
21622500
115
24744500
6000
24750500
120
27933500
4000
27937500
125
31353000
2000
31355000
130
34792000
0
34792000
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.