This page reflects LUMN 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 — LUMN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $8.00 (1.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.52
±5.5%
Days to Expiry
2
Calendar days
Total Call OI
15,567
Nearest expiry
Total Put OI
7,046
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$9.31
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
$9.00
5/8/2026, 11:20:18 PM
2026-05-15
$8.00
5/15/2026, 11:21:46 PM
2026-05-22NextUpdated
$8.00
5/20/2026, 11:19:42 PM
2026-05-29
$8.00
5/20/2026, 11:19:42 PM
2026-06-05
$9.00
5/20/2026, 11:19:42 PM
2026-06-12
$9.00
5/20/2026, 11:19:42 PM
2026-06-18
$9.00
5/20/2026, 11:19:42 PM
2026-06-26
$8.00
5/20/2026, 11:19:42 PM
2026-07-17
$7.00
5/20/2026, 11:19:42 PM
2026-10-16
$8.00
5/20/2026, 11:19:42 PM
2026-12-18
$5.00
5/20/2026, 11:19:42 PM
2027-01-15
$7.00
5/20/2026, 11:19:42 PM
Selected expiration: 2026-05-22 at max pain $8.00.
LUMN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
3615700
3615700
2.5
20350
3264300
3284650
3
46450
2914550
2961000
3.5
97950
2565300
2663250
4
150000
2216500
2366500
4.5
207200
1867800
2075000
5
264650
1519250
1783900
5.5
327500
1171350
1498850
6
390550
824150
1214700
6.5
453700
477550
931250
7
517300
384250
901550
7.5
581800
292900
874700
8
649700
213300
863000
8.5
731200
156750
887950
9
829300
105550
934850
9.5
994700
61950
1056650
10
1196200
24850
1221050
10.5
1483350
14450
1497800
11
1911300
6150
1917450
11.5
2414300
3150
2417450
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.