This page reflects WEC 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 — WEC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $110.00 (1.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$1.88
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
3,703
Nearest expiry
Total Put OI
480
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$111.05
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
$110.00
6/18/2026, 11:37:55 PM
2026-07-17
$110.00
7/17/2026, 11:37:32 PM
2026-08-21NextUpdated
$110.00
8/18/2026, 11:44:25 PM
2026-09-18
$110.00
8/18/2026, 11:44:25 PM
2026-10-16
$110.00
8/18/2026, 11:44:25 PM
2026-11-20
$105.00
8/18/2026, 11:44:25 PM
2027-01-15
$105.00
8/18/2026, 11:44:25 PM
Selected expiration: 2026-08-21 at max pain $110.00.
WEC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
2164250
2164250
65
0
1924750
1924750
70
0
1685750
1685750
80
0
1208750
1208750
85
0
972750
972750
90
0
738250
738250
95
0
509250
509250
97.5
0
404250
404250
100
0
299500
299500
105
0
160500
160500
110
3500
63000
66500
115
839500
1500
841000
120
1797000
0
1797000
125
3215500
0
3215500
130
4981000
0
4981000
135
6816000
0
6816000
140
8662000
0
8662000
160
16066000
0
16066000
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.