Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Lennox International options about one week from expiration was $381.72. The chart above shows the exact max pain for each expiration date.

Lennox International closed above its near-term max pain on 1 of the last 20 trading days. On Nov 4, 2026 it closed at $358.87, 6.0% below max pain of $381.72.

Over the last 20 trading days, near-term max pain for Lennox International ranged from $361.71 to $400.33. It went from $380.05 on Oct 8, 2026 to $381.72 on Nov 4, 2026. See the LII max pain history for a longer view.

Lennox manufactures and distributes heating, ventilating, air conditioning, and refrigeration products for the North American replacement (75% of sales) and new construction (25% of sales) markets.