This page reflects LUMN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — LUMN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $6.00 (0.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.52
±9.0%
Days to Expiry
7
Calendar days
Total Call OI
6,997
Nearest expiry
Total Put OI
10,615
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$5.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$6.00
9/25/2026, 11:16:01 PM
2026-10-02Updated
$6.00
10/2/2026, 11:19:06 PM
2026-10-09Next
$6.00
10/2/2026, 11:19:06 PM
2026-10-16
$6.00
10/2/2026, 11:19:06 PM
2026-10-23
$6.00
10/2/2026, 11:19:06 PM
2026-10-30
$5.50
10/2/2026, 11:19:06 PM
2026-11-06
$6.00
10/2/2026, 11:19:06 PM
2026-11-20
$6.00
10/2/2026, 11:19:06 PM
2026-12-18
$5.00
10/2/2026, 11:19:06 PM
2027-01-15
$7.00
10/2/2026, 11:19:06 PM
2027-04-16
$8.00
10/2/2026, 11:19:06 PM
Selected expiration: 2026-10-09 at max pain $6.00.
LUMN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
4242100
4242100
2.5
9700
3711350
3721050
3
20200
3180600
3200800
4
41600
2119100
2160700
4.5
52300
1589850
1642150
5
63050
1060600
1123650
5.5
74250
532350
606600
6
87850
16650
104500
6.5
134900
4900
139800
7
206350
1950
208300
7.5
532250
1450
533700
8
862300
1050
863350
8.5
1198250
650
1198900
9
1538900
300
1539200
9.5
1881150
200
1881350
10.5
2580850
0
2580850
11
2930700
0
2930700
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.