This page reflects GWW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — GWW
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $1200.00 (44.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1200.00
Nearest expiry
Expected Move
±$64.80
±5.2%
Days to Expiry
29
Calendar days
Total Call OI
314
Nearest expiry
Total Put OI
213
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$1244.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$1000.00
4/17/2026, 11:13:20 PM
2026-05-15
$1160.00
5/15/2026, 11:15:20 PM
2026-06-18NextUpdated
$1200.00
5/20/2026, 11:15:05 PM
2026-07-17
$1080.00
5/20/2026, 11:15:05 PM
2026-10-16
$1180.00
5/20/2026, 11:15:05 PM
2026-12-18
$1100.00
5/20/2026, 11:15:05 PM
2027-01-15
$1260.00
5/20/2026, 11:15:05 PM
2027-03-19
$1240.00
5/20/2026, 11:15:05 PM
Selected expiration: 2026-06-18 at max pain $1200.00.
GWW pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
920
0
5149000
5149000
950
0
4519000
4519000
980
0
3898000
3898000
1000
0
3486000
3486000
1020
0
3076000
3076000
1030
0
2873000
2873000
1040
0
2672000
2672000
1070
0
2075000
2075000
1080
2000
1876000
1878000
1090
4000
1688000
1692000
1100
10000
1508000
1518000
1110
17000
1343000
1360000
1120
32000
1188000
1220000
1130
47000
1036000
1083000
1140
62000
885000
947000
1150
77000
736000
813000
1160
95000
600000
695000
1170
127000
497000
624000
1180
162000
399000
561000
1190
207000
310000
517000
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.