thetaOwl

WDC

Western Digital CorporationClose $459.62EOD only
Max Pain
$465.00
Next expiry May 22, 2026
Expected Move
±$27.70
6.0% from close
Price Gap
+5.38
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
1.29
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects WDC 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 — WDC
Data as of market close May 20, 2026

Nearest listed expiration 2026-05-22 shows max pain at $465.00 (5.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$465.00
Nearest expiry
Expected Move
±$27.70
±6.0%
Days to Expiry
2
Calendar days
Total Call OI
13,702
Nearest expiry
Total Put OI
25,833
Nearest expiry
P/C OI Ratio
1.89
Put-heavy
Spot Price
$459.62
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$425.005/8/2026, 11:37:31 PM
2026-05-15$417.505/15/2026, 11:45:19 PM
2026-05-22NextUpdated$465.005/20/2026, 11:40:45 PM
2026-05-29$460.005/20/2026, 11:40:45 PM
2026-06-05$450.005/20/2026, 11:40:45 PM
2026-06-12$465.005/20/2026, 11:40:45 PM
2026-06-18$280.005/20/2026, 11:40:45 PM
2026-06-26$480.005/20/2026, 11:40:45 PM
2026-07-17$350.005/20/2026, 11:40:45 PM
2026-08-21$430.005/20/2026, 11:40:45 PM
2026-09-18$270.005/20/2026, 11:40:45 PM
2026-10-16$360.005/20/2026, 11:40:45 PM
2026-11-20$400.005/20/2026, 11:40:45 PM
2026-12-18$190.005/20/2026, 11:40:45 PM
2027-01-15$230.005/20/2026, 11:40:45 PM
2027-03-19$400.005/20/2026, 11:40:45 PM
Selected expiration: 2026-05-22 at max pain $465.00.
WDC pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
1450600883000600883000
1500587990000587990000
1550575125000575125000
1600562275500562275500
1650549450000549450000
1700536692500536692500
1750523949500523949500
1800511245000511245000
1851000498554000498555000
1902500485914000485916500
1955000473328500473333500
20012500460807000460819500
20520500448321500448342000
21028500435862000435890500
21536500423549000423585500
22044500411281000411325500
22552500399060000399112500
23060500386866500386927000
23569000374760000374829000
24078000362739500362817500
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.