Lloyds Banking Group (LYG)
Lloyds Banking Max Pain By Strike
LYG trades at $4.49, 12.3% above the near-term max pain of $4 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($1-$4), reflecting growing call interest at higher strikes. Key magnetic zone at 4 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Lloyds Banking Max Pain By Expiry
Max pain for LYG shows an upward trend from 1 to 4, suggesting bullish positioning in longer-dated options. The 100% spread signals divergent expectations across timeframes. Most levels below 4.49 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 |
|---|---|---|
| Sep 19, 2025 | 4 | -0.49 (-10.91%) |
| Oct 17, 2025 | 4 | -0.49 (-10.91%) |
| Jan 16, 2026 | 3 | -1.49 (-33.18%) |
| Apr 17, 2026 | 1 | -3.49 (-77.73%) |