This page reflects WBS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — WBS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $67.50 (9.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.50
Nearest expiry
Expected Move
±$0.50
±0.7%
Days to Expiry
15
Calendar days
Total Call OI
460
Nearest expiry
Total Put OI
473
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$76.72
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-04-17
$55.00
4/17/2026, 11:29:59 PM
2026-06-18
$60.00
6/18/2026, 11:37:21 PM
2026-07-17NextUpdated
$67.50
7/3/2026, 11:34:39 PM
2026-09-18
$80.00
7/3/2026, 11:34:39 PM
2026-10-16
$60.00
7/3/2026, 11:34:39 PM
2027-01-15
$72.50
7/3/2026, 11:34:39 PM
Selected expiration: 2026-07-17 at max pain $67.50.
WBS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
1174000
1174000
52.5
0
348000
348000
55
0
234250
234250
57.5
0
185750
185750
60
2500
138500
141000
65
7500
47000
54500
67.5
24000
1250
25250
70
42500
1000
43500
72.5
72250
750
73000
75
106750
500
107250
77.5
168500
250
168750
80
262500
0
262500
85
456500
0
456500
90
677500
0
677500
95
901000
0
901000
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.