This page reflects LRN 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 — LRN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (5.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.47
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
1,305
Nearest expiry
Total Put OI
1,067
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$90.44
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
$95.00
5/15/2026, 11:21:19 PM
2026-06-18
$55.00
6/18/2026, 11:20:21 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:18:34 PM
2026-08-21
$85.00
7/3/2026, 11:18:34 PM
2026-09-18
$90.00
7/3/2026, 11:18:34 PM
2026-12-18
$95.00
7/3/2026, 11:18:34 PM
2027-01-15
$85.00
7/3/2026, 11:18:34 PM
Selected expiration: 2026-07-17 at max pain $85.00.
LRN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
3263000
3263000
55
0
2729500
2729500
60
2500
2196000
2198500
65
11000
1663500
1674500
70
20500
1146000
1166500
75
34500
645000
679500
80
74500
337500
412000
85
125500
151000
276500
90
283000
71000
354000
95
517500
16000
533500
100
907000
0
907000
105
1406500
0
1406500
110
1925000
0
1925000
115
2480000
0
2480000
120
3081500
0
3081500
125
3712000
0
3712000
130
4344500
0
4344500
135
4979000
0
4979000
140
5628500
0
5628500
145
6278500
0
6278500
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.