What is WBD max pain this week?

WBD max pain for the nearest expiration (2026-10-09) is $29.00. Total call open interest: 23,981. Total put open interest: 11,810.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options WBDMax Pain

WBD

Warner Bros. Discovery, Inc. - Close $30.94EOD only

Max Pain

$29.00

Next expiry Oct 9, 2026

Expected Move

±$0.01

0.1% from close

Price Gap

-1.94

Distance to max pain

IV Rank

Middle-high premium

P/C OI

2.98

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects WBD 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 — WBD

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $29.00 (1.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$29.00

Nearest expiry

Expected Move

±$0.01

±0.1%

Days to Expiry

Calendar days

Total Call OI

23,981

Nearest expiry

Total Put OI

11,810

Nearest expiry

P/C OI Ratio

0.49

Put-heavy

Spot Price

$30.94

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-10-09

Expiration	Max Pain Strike	Last Updated
2026-09-25	$30.00	9/25/2026, 11:33:06 PM
2026-10-02Updated	$30.00	10/2/2026, 11:35:35 PM
2026-10-09Next	$29.00	10/2/2026, 11:35:35 PM
2026-10-16	$28.00	10/2/2026, 11:35:35 PM
2026-10-23	$29.00	10/2/2026, 11:35:35 PM
2026-10-30	$29.00	10/2/2026, 11:35:35 PM
2026-11-06	$30.00	10/2/2026, 11:35:35 PM
2026-11-20	$26.00	10/2/2026, 11:35:35 PM
2026-12-18	$27.00	10/2/2026, 11:35:35 PM
2027-01-15	$25.00	10/2/2026, 11:35:35 PM
2027-02-19	$30.00	10/2/2026, 11:35:35 PM
2027-03-19	$27.00	10/2/2026, 11:35:35 PM
2027-04-16	$28.00	10/2/2026, 11:35:35 PM
2027-05-21	$27.00	10/2/2026, 11:35:35 PM
2027-06-17	$27.00	10/2/2026, 11:35:35 PM
2027-07-16	$27.00	10/2/2026, 11:35:35 PM
2027-09-17	$30.00	10/2/2026, 11:35:35 PM

Selected expiration: 2026-10-09 at max pain $29.00.

WBD pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
18	0	12153950	12153950
19	300	10973150	10973450
20	600	9793350	9793950
21	1000	8614850	8615850
22	1400	7437050	7438450
23	1800	6310050	6311850
24	2200	5263150	5265350
24.5	2400	4754400	4756800
25	2600	4245700	4248300
26	3000	3262200	3265200
27	3600	2331700	2335300
27.5	3950	1870150	1874100
28	4300	1414300	1418600
28.5	12550	974800	987350
29	20800	582200	603000
29.5	195100	321250	516350
30	510650	73500	584150
30.5	932150	25500	957650
31	1552100	0	1552100
31.5	2320100	0	2320100

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.