This page reflects LUMN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — LUMN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (0.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.30
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
31,276
Nearest expiry
Total Put OI
21,362
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$6.13
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
2026-08-07
$6.00
8/7/2026, 11:24:20 PM
2026-08-14
$6.50
8/14/2026, 11:20:44 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:21:13 PM
2026-08-28
$6.50
8/18/2026, 11:21:13 PM
2026-09-04
$6.00
8/18/2026, 11:21:13 PM
2026-09-11
$5.00
8/18/2026, 11:21:13 PM
2026-09-18
$6.00
8/18/2026, 11:21:13 PM
2026-09-25
$7.00
8/18/2026, 11:21:13 PM
2026-10-02
$9.00
8/18/2026, 11:21:13 PM
2026-10-16
$8.00
8/18/2026, 11:21:13 PM
2026-12-18
$5.00
8/18/2026, 11:21:13 PM
2027-01-15
$7.00
8/18/2026, 11:21:13 PM
Selected expiration: 2026-08-21 at max pain $7.00.
LUMN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
11088550
11088550
2
2600
8952350
8954950
2.5
5050
7884300
7889350
3
9100
6816750
6825850
3.5
15600
5751550
5767150
4
22200
4686350
4708550
4.5
29000
3623650
3652650
5
35900
2563250
2599150
5.5
46050
1538950
1585000
6
59600
873500
933100
6.5
103350
464100
567450
7
262600
86000
348600
7.5
643950
56850
700800
8
1047150
28400
1075550
8.5
1528750
19050
1547800
9
2019850
10000
2029850
9.5
2911900
8400
2920300
10
3831850
7050
3838900
10.5
5311650
5850
5317500
11
6791450
4750
6796200
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.