This page reflects LRN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — LRN
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (0.83 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
±$2.50
±3.0%
Days to Expiry
2
Calendar days
Total Call OI
2,625
Nearest expiry
Total Put OI
4,437
Nearest expiry
P/C OI Ratio
1.69
Put-heavy
Spot Price
$84.17
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$55.00
6/18/2026, 11:20:21 PM
2026-07-17
$90.00
7/17/2026, 11:22:16 PM
2026-08-21NextUpdated
$85.00
8/19/2026, 11:21:27 PM
2026-09-18
$85.00
8/19/2026, 11:21:27 PM
2026-12-18
$90.00
8/19/2026, 11:21:27 PM
2027-01-15
$85.00
8/19/2026, 11:21:27 PM
2027-03-19
$105.00
8/19/2026, 11:21:27 PM
Selected expiration: 2026-08-21 at max pain $85.00.
LRN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
8063500
8063500
55
0
5867000
5867000
60
0
3698500
3698500
65
1000
2302500
2303500
70
3000
1004000
1007000
75
10500
492000
502500
80
24500
143000
167500
85
64500
10500
75000
90
565500
1000
566500
95
1223500
0
1223500
100
1986500
0
1986500
105
2951500
0
2951500
110
3956500
0
3956500
115
5018000
0
5018000
120
6156500
0
6156500
125
7458500
0
7458500
130
8770500
0
8770500
135
10083000
0
10083000
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.