This page reflects LYEL 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 — LYEL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $13.00 (3.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.30
±3.2%
Days to Expiry
14
Calendar days
Total Call OI
144
Nearest expiry
Total Put OI
2,131
Nearest expiry
P/C OI Ratio
14.80
Put-heavy
Spot Price
$9.26
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$15.00
8/21/2026, 11:22:05 PM
2026-09-18
$14.00
9/18/2026, 11:22:07 PM
2026-10-16NextUpdated
$13.00
10/2/2026, 11:21:26 PM
2027-01-15
$12.00
10/2/2026, 11:21:26 PM
2027-04-16
$12.00
10/2/2026, 11:21:26 PM
Selected expiration: 2026-10-16 at max pain $13.00.
LYEL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
459900
459900
10
0
346900
346900
11
0
234100
234100
12
8200
121300
129500
13
19500
9400
28900
14
30900
2900
33800
15
42300
0
42300
17
65700
0
65700
18
77700
0
77700
20
101700
0
101700
22
125700
0
125700
23
138100
0
138100
24
150800
0
150800
25
163600
0
163600
26
176400
0
176400
27
189400
0
189400
28
203100
0
203100
29
217000
0
217000
30
231000
0
231000
31
245400
0
245400
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.