This page reflects WDS 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 — WDS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (0.46 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.15
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
5,508
Nearest expiry
Total Put OI
757
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$19.54
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
$22.50
5/15/2026, 11:47:13 PM
2026-06-18
$20.00
6/18/2026, 11:36:20 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:30:21 PM
2026-08-21
$20.00
7/3/2026, 11:30:21 PM
2026-10-16
$22.50
7/3/2026, 11:30:21 PM
2026-12-18
$25.00
7/3/2026, 11:30:21 PM
2027-01-15
$30.00
7/3/2026, 11:30:21 PM
Selected expiration: 2026-07-17 at max pain $20.00.
WDS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1358500
1358500
5
0
1169250
1169250
7.5
0
980000
980000
10
0
790750
790750
12.5
0
601500
601500
15
500
428250
428750
17.5
3750
273500
277250
20
70250
130000
200250
22.5
217250
55250
272500
25
495500
0
495500
30
2529000
0
2529000
35
5283000
0
5283000
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.