This page reflects LRN 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 — LRN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $85.00 (6.11 above 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
±$4.33
±5.5%
Days to Expiry
14
Calendar days
Total Call OI
750
Nearest expiry
Total Put OI
300
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$78.89
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
$85.00
8/21/2026, 11:20:33 PM
2026-09-18
$90.00
9/18/2026, 11:17:46 PM
2026-10-16NextUpdated
$85.00
10/2/2026, 11:21:19 PM
2026-11-20
$70.00
10/2/2026, 11:21:19 PM
2026-12-18
$90.00
10/2/2026, 11:21:19 PM
2027-01-15
$85.00
10/2/2026, 11:21:19 PM
2027-03-19
$105.00
10/2/2026, 11:21:19 PM
Selected expiration: 2026-10-16 at max pain $85.00.
LRN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
445000
445000
70
0
295000
295000
75
1000
158000
159000
80
2000
71500
73500
85
39500
5000
44500
90
171000
0
171000
95
471500
0
471500
100
779000
0
779000
105
1142500
0
1142500
110
1512000
0
1512000
115
1885500
0
1885500
120
2259500
0
2259500
125
2634000
0
2634000
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.