thetaOwl

WAB

Westinghouse Air Brake TechnoloClose $287.54EOD only
Max Pain
$280.00
Next expiry Oct 16, 2026
Expected Move
±$9.80
3.4% from close
Price Gap
-7.54
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects WAB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Oct 2, 2026 close
Max Pain — WAB
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-16 shows max pain at $280.00 (7.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$9.80
±3.4%
Days to Expiry
14
Calendar days
Total Call OI
542
Nearest expiry
Total Put OI
726
Nearest expiry
P/C OI Ratio
1.34
Put-heavy
Spot Price
$287.54
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-16
ExpirationMax Pain StrikeLast Updated
2026-08-21$290.008/21/2026, 11:33:08 PM
2026-09-18$280.009/18/2026, 11:33:57 PM
2026-10-16NextUpdated$280.0010/2/2026, 11:34:15 PM
2026-11-20$280.0010/2/2026, 11:34:15 PM
2027-01-15$240.0010/2/2026, 11:34:15 PM
2027-02-19$230.0010/2/2026, 11:34:15 PM
2027-04-16$180.0010/2/2026, 11:34:15 PM
2027-05-21$270.0010/2/2026, 11:34:15 PM
Selected expiration: 2026-10-16 at max pain $280.00.
WAB pain by strike for 2026-10-16 expiration
StrikeCall PainPut PainTotal Pain
160075620007562000
170700068360006843000
1751450064735006488000
1802200061110006133000
1853050057485005779000
1903950053860005425500
1954950050240005073500
2006000046620004722000
2108300039380004021000
22010700032210003328000
23013100025170002648000
24016200018270001989000
25019800011490001347000
260234000509000743000
270278000125000403000
28035200035000387000
2904550007000462000
3006350000635000
3109400000940000
320127200001272000
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.