Light & Wonder Inc. (LNW)
Light & Wonder Max Pain By Strike
LNW trades at $87.78, 3.3% above the near-term max pain of $85 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($45-$90), reflecting growing call interest at higher strikes. Key magnetic zone at 80 where 2 expirations converge.
Light & Wonder Max Pain By Expiry
Max pain for LNW shows an upward trend from 45 to 90, suggesting bullish positioning in longer-dated options. The 58% spread signals divergent expectations across timeframes. Most levels below 87.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 85 | -2.78 (-3.17%) |
| Sep 19, 2025 | 80 | -7.78 (-8.86%) |
| Oct 17, 2025 | 85 | -2.78 (-3.17%) |
| Nov 21, 2025 | 90 | 2.22 (2.53%) |
| Jan 16, 2026 | 80 | -7.78 (-8.86%) |
| Apr 17, 2026 | 45 | -42.78 (-48.74%) |