Nearest listed expiration 2026-08-21 shows max pain at $500.00 (3.84 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$500.00
Nearest expiry
Expected Move
±$31.60
±6.4%
Days to Expiry
3
Calendar days
Total Call OI
50,466
Nearest expiry
Total Put OI
47,921
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$496.16
Published close
Consensus
3.5/10
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
2026-08-07
$490.00
8/7/2026, 11:41:18 PM
2026-08-14
$462.50
8/14/2026, 11:38:38 PM
2026-08-21NextUpdated
$500.00
8/18/2026, 11:37:34 PM
2026-08-28
$505.00
8/18/2026, 11:37:34 PM
2026-09-04
$510.00
8/18/2026, 11:37:34 PM
2026-09-11
$530.00
8/18/2026, 11:37:34 PM
2026-09-18
$430.00
8/18/2026, 11:37:34 PM
2026-09-25
$490.00
8/18/2026, 11:37:34 PM
2026-10-02
$450.00
8/18/2026, 11:37:34 PM
2026-10-16
$460.00
8/18/2026, 11:37:34 PM
2026-11-20
$500.00
8/18/2026, 11:37:34 PM
2026-12-18
$320.00
8/18/2026, 11:37:34 PM
2027-01-15
$350.00
8/18/2026, 11:37:34 PM
2027-03-19
$500.00
8/18/2026, 11:37:34 PM
2027-06-17
$530.00
8/18/2026, 11:37:34 PM
Selected expiration: 2026-08-21 at max pain $500.00.
WDC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
1010115750
1010115750
185
12500
986181750
986194250
190
25000
962287750
962312750
195
38500
938407750
938446250
200
53000
914543250
914596250
210
84000
866952250
867036250
220
115000
819517250
819632250
230
148000
772200250
772348250
240
186000
724999250
725185250
250
230000
678354250
678584250
260
293000
632933250
633226250
270
359000
587617250
587976250
280
437000
542440250
542877250
290
516000
502412250
502928250
300
616000
462692250
463308250
310
773000
429659250
430432250
320
986000
397533250
398519250
330
1212000
366025250
367237250
335
1330000
350663250
351993250
340
1448000
335480250
336928250
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.