This page reflects WCN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — WCN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $165.00 (3.82 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
±$2.50
±1.5%
Days to Expiry
15
Calendar days
Total Call OI
1,630
Nearest expiry
Total Put OI
1,515
Nearest expiry
P/C OI Ratio
0.93
Put-heavy
Spot Price
$168.82
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$160.00
5/15/2026, 11:44:21 PM
2026-06-18
$155.00
6/18/2026, 11:39:44 PM
2026-07-17NextUpdated
$165.00
7/3/2026, 11:33:32 PM
2026-08-21
$155.00
7/3/2026, 11:33:32 PM
2026-09-18
$175.00
7/3/2026, 11:33:32 PM
2026-12-18
$150.00
7/3/2026, 11:33:32 PM
Selected expiration: 2026-07-17 at max pain $165.00.
WCN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
5018500
5018500
140
0
2750500
2750500
145
1000
2009500
2010500
150
2000
1281500
1283500
155
3500
665500
669000
160
10000
218000
228000
165
99000
0
99000
170
491500
0
491500
175
1042500
0
1042500
180
1848000
0
1848000
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.