This page reflects WCN 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 — WCN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $165.00 (0.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$3.50
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
3,738
Nearest expiry
Total Put OI
2,115
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$165.53
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
$155.00
6/18/2026, 11:39:44 PM
2026-07-17
$170.00
7/17/2026, 11:40:33 PM
2026-08-21NextUpdated
$165.00
8/18/2026, 11:37:08 PM
2026-09-18
$175.00
8/18/2026, 11:37:08 PM
2026-10-16
$165.00
8/18/2026, 11:37:08 PM
2026-12-18
$155.00
8/18/2026, 11:37:08 PM
2027-03-19
$160.00
8/18/2026, 11:37:08 PM
Selected expiration: 2026-08-21 at max pain $165.00.
WCN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
12403500
12403500
105
5000
11346500
11351500
120
20000
8177000
8197000
135
35000
5022500
5057500
140
40000
3972500
4012500
145
45000
2991500
3036500
150
50000
2080000
2130000
155
55000
1182000
1237000
160
61500
608000
669500
165
139500
116000
255500
170
283500
6000
289500
175
448000
0
448000
180
1309500
0
1309500
185
2280000
0
2280000
190
3495000
0
3495000
195
4716000
0
4716000
200
6584000
0
6584000
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.