This page reflects WCC 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 — WCC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (29.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$11.45
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
991
Nearest expiry
Total Put OI
1,023
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$349.16
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
$340.00
6/18/2026, 11:38:27 PM
2026-07-17
$330.00
7/17/2026, 11:39:57 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:40:47 PM
2026-09-18
$310.00
8/18/2026, 11:40:47 PM
2026-10-16
$340.00
8/18/2026, 11:40:47 PM
2026-11-20
$350.00
8/18/2026, 11:40:47 PM
2026-12-18
$380.00
8/18/2026, 11:40:47 PM
2027-01-15
$260.00
8/18/2026, 11:40:47 PM
2027-03-19
$300.00
8/18/2026, 11:40:47 PM
2027-04-16
$320.00
8/18/2026, 11:40:47 PM
Selected expiration: 2026-08-21 at max pain $320.00.
WCC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
18947000
18947000
115
0
18435500
18435500
120
1000
17924000
17925000
125
2000
17412500
17414500
130
3000
16901000
16904000
135
4000
16389500
16393500
140
5000
15882000
15887000
160
9000
13852000
13861000
170
11000
12837000
12848000
180
14000
11824000
11838000
185
15500
11317500
11333000
210
23000
8785000
8808000
220
26000
7787000
7813000
230
31000
6807000
6838000
240
36000
5839000
5875000
250
42000
4897000
4939000
260
48000
3958000
4006000
270
56000
3157000
3213000
280
64000
2368000
2432000
290
76000
1806000
1882000
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.