This page reflects LRN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — LRN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (34.06 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
±$8.35
±9.4%
Days to Expiry
29
Calendar days
Total Call OI
7,682
Nearest expiry
Total Put OI
1,655
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$89.06
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
5/20/2026, 11:21:51 PM
2026-07-17
$85.00
5/20/2026, 11:21:51 PM
2026-09-18
$85.00
5/20/2026, 11:21:51 PM
2026-12-18
$100.00
5/20/2026, 11:21:51 PM
2027-01-15
$85.00
5/20/2026, 11:21:51 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
6862500
6862500
40
11500
6035000
6046500
45
26500
5207500
5234000
50
46000
4389500
4435500
55
566000
3631500
4197500
60
1710000
2907000
4617000
65
2875000
2235000
5110000
70
4199000
1605000
5804000
75
5688500
1021500
6710000
80
7414500
511000
7925500
85
9281500
303500
9585000
90
11280500
175500
11456000
95
13502500
71500
13574000
100
15816000
15000
15831000
105
18669000
11500
18680500
110
21612500
8000
21620500
115
24741000
6000
24747000
120
27928500
4000
27932500
125
31342500
2000
31344500
130
34776000
0
34776000
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.