This page reflects WCN 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 — WCN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $155.00 (1.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$8.57
±5.5%
Days to Expiry
29
Calendar days
Total Call OI
1,371
Nearest expiry
Total Put OI
277
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$156.98
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
$160.00
4/17/2026, 11:34:24 PM
2026-05-15
$160.00
5/15/2026, 11:44:21 PM
2026-06-18NextUpdated
$155.00
5/20/2026, 11:38:37 PM
2026-07-17
$155.00
5/20/2026, 11:38:37 PM
2026-09-18
$175.00
5/20/2026, 11:38:37 PM
2026-12-18
$150.00
5/20/2026, 11:38:37 PM
Selected expiration: 2026-06-18 at max pain $155.00.
WCN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
873500
873500
130
0
597500
597500
135
500
461000
461500
140
1000
325500
326500
145
2500
192000
194500
150
5000
63500
68500
155
7500
25500
33000
160
25000
8000
33000
165
324500
1000
325500
170
836000
0
836000
175
1408500
0
1408500
180
1990000
0
1990000
185
2617500
0
2617500
190
3251500
0
3251500
195
3920000
0
3920000
200
4599500
0
4599500
260
12825500
0
12825500
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.