This page reflects WCC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — WCC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $340.00 (9.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$33.70
±9.6%
Days to Expiry
29
Calendar days
Total Call OI
842
Nearest expiry
Total Put OI
318
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$349.98
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$240.00
4/17/2026, 11:28:35 PM
2026-05-15
$300.00
5/15/2026, 11:47:04 PM
2026-06-18NextUpdated
$340.00
5/20/2026, 11:40:15 PM
2026-07-17
$300.00
5/20/2026, 11:40:15 PM
2026-08-21
$340.00
5/20/2026, 11:40:15 PM
2026-09-18
$290.00
5/20/2026, 11:40:15 PM
2026-10-16
$340.00
5/20/2026, 11:40:15 PM
2026-11-20
$310.00
5/20/2026, 11:40:15 PM
2026-12-18
$310.00
5/20/2026, 11:40:15 PM
2027-01-15
$260.00
5/20/2026, 11:40:15 PM
Selected expiration: 2026-06-18 at max pain $340.00.
WCC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
6425500
6425500
110
500
6267000
6267500
155
5000
4840500
4845500
160
6500
4683000
4689500
165
8000
4525500
4533500
170
9500
4368500
4378000
175
12000
4212000
4224000
180
15500
4056000
4071500
185
19000
3900000
3919000
190
22500
3744500
3767000
195
27000
3590000
3617000
200
31500
3437000
3468500
210
41500
3147000
3188500
220
52500
2859000
2911500
230
63500
2575000
2638500
240
79500
2308000
2387500
250
95500
2041000
2136500
260
128500
1786000
1914500
270
161500
1534000
1695500
280
195500
1289000
1484500
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.