This page reflects GWW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — GWW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $1340.00 (25.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1340.00
Nearest expiry
Expected Move
±$22.20
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
995
Nearest expiry
Total Put OI
462
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$1314.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$1250.00
6/18/2026, 11:20:11 PM
2026-07-17
$1140.00
7/17/2026, 11:16:39 PM
2026-08-21NextUpdated
$1340.00
8/18/2026, 11:15:54 PM
2026-09-18
$1310.00
8/18/2026, 11:15:54 PM
2026-10-16
$1230.00
8/18/2026, 11:15:54 PM
2026-12-18
$1100.00
8/18/2026, 11:15:54 PM
2027-01-15
$1260.00
8/18/2026, 11:15:54 PM
2027-03-19
$1240.00
8/18/2026, 11:15:54 PM
2027-05-21
$1460.00
8/18/2026, 11:15:54 PM
2027-06-17
$1280.00
8/18/2026, 11:15:54 PM
2027-07-16
$1200.00
8/18/2026, 11:15:54 PM
Selected expiration: 2026-08-21 at max pain $1340.00.
GWW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1060
0
8989000
8989000
1080
0
8085000
8085000
1100
0
7185000
7185000
1120
0
6293000
6293000
1140
0
5409000
5409000
1160
0
4527000
4527000
1180
0
3669000
3669000
1190
3000
3378000
3381000
1200
6000
3088000
3094000
1210
10000
2816000
2826000
1220
17000
2548000
2565000
1230
24000
2286000
2310000
1240
32000
2031000
2063000
1250
40000
1778000
1818000
1260
48000
1556000
1604000
1270
59000
1336000
1395000
1280
72000
1132000
1204000
1290
88000
939000
1027000
1300
119000
779000
898000
1310
157000
637000
794000
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.