This page reflects LULU 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 — LULU
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $121.00 (4.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$121.00
Nearest expiry
Expected Move
±$4.01
±3.2%
Days to Expiry
2
Calendar days
Total Call OI
14,786
Nearest expiry
Total Put OI
11,991
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$125.19
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$133.00
5/8/2026, 11:22:21 PM
2026-05-15
$129.00
5/15/2026, 11:23:13 PM
2026-05-22NextUpdated
$121.00
5/20/2026, 11:23:31 PM
2026-05-29
$128.00
5/20/2026, 11:23:31 PM
2026-06-05
$135.00
5/20/2026, 11:23:31 PM
2026-06-12
$130.00
5/20/2026, 11:23:31 PM
2026-06-18
$155.00
5/20/2026, 11:23:31 PM
2026-06-26
$130.00
5/20/2026, 11:23:31 PM
2026-07-17
$140.00
5/20/2026, 11:23:31 PM
2026-09-18
$165.00
5/20/2026, 11:23:31 PM
2026-11-20
$160.00
5/20/2026, 11:23:31 PM
2026-12-18
$190.00
5/20/2026, 11:23:31 PM
2027-01-15
$190.00
5/20/2026, 11:23:31 PM
2027-03-19
$155.00
5/20/2026, 11:23:31 PM
Selected expiration: 2026-05-22 at max pain $121.00.
LULU pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
63244400
63244400
70
1500
57248900
57250400
75
5000
51253900
51258900
80
10000
45258900
45268900
85
15500
39295400
39310900
90
21500
33331900
33353400
100
37500
21406900
21444400
105
45500
15580400
15625900
107
49100
13267000
13316100
108
51300
12114200
12165500
109
53900
10963600
11017500
110
56900
9820000
9876900
111
64300
8732900
8797200
112
71800
7786300
7858100
113
80400
6858600
6939000
114
89100
5945600
6034700
115
104100
5105100
5209200
116
140300
4442900
4583200
117
177800
3834600
4012400
118
215900
3302500
3518400
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.