Light & Wonder Inc. (LNW)
Light & Wonder Max Pain By Strike
LNW trades at $84.96, pinned near the near-term max pain of $85 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($60-$90), reflecting growing call interest at higher strikes. Key magnetic zone at 85 where 2 expirations converge.
Light & Wonder Max Pain By Expiry
Max pain for LNW shows an upward trend from 60 to 90, suggesting bullish positioning in longer-dated options. The 38% spread signals divergent expectations across timeframes. Most levels above 84.96 could support dips. 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 |
|---|---|---|
| Oct 17, 2025 | 85 | n/a (n/a) |
| Nov 21, 2025 | 90 | n/a (n/a) |
| Jan 16, 2026 | 85 | n/a (n/a) |
| Apr 17, 2026 | 60 | n/a (n/a) |