This page reflects WCN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — WCN
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $155.00 (0.70 above 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
±$4.47
±2.9%
Days to Expiry
11
Calendar days
Total Call OI
979
Nearest expiry
Total Put OI
67
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$154.30
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$165.00
8/21/2026, 11:36:49 PM
2026-09-18
$170.00
9/18/2026, 11:30:31 PM
2026-10-16NextUpdated
$155.00
10/5/2026, 11:35:39 PM
2026-11-20
$150.00
10/5/2026, 11:35:39 PM
2026-12-18
$155.00
10/5/2026, 11:35:39 PM
2027-03-19
$115.00
10/5/2026, 11:35:39 PM
Selected expiration: 2026-10-16 at max pain $155.00.
WCN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
165000
165000
135
0
101000
101000
140
500
69000
69500
145
1500
41500
43000
150
2500
18000
20500
155
5500
1500
7000
160
16500
0
16500
165
168000
0
168000
170
489000
0
489000
175
894500
0
894500
180
1305000
0
1305000
185
1792500
0
1792500
190
2280500
0
2280500
195
2769500
0
2769500
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.