This page reflects WELL 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 — WELL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (16.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$2.70
±1.1%
Days to Expiry
15
Calendar days
Total Call OI
1,805
Nearest expiry
Total Put OI
1,753
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$236.06
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
$220.00
5/15/2026, 11:44:03 PM
2026-06-18
$195.00
6/18/2026, 11:32:30 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:32:50 PM
2026-08-21
$220.00
7/3/2026, 11:32:50 PM
2026-09-18
$220.00
7/3/2026, 11:32:50 PM
2026-12-18
$220.00
7/3/2026, 11:32:50 PM
2027-01-15
$190.00
7/3/2026, 11:32:50 PM
Selected expiration: 2026-07-17 at max pain $220.00.
WELL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
8644000
8644000
155
0
7769500
7769500
160
0
6897000
6897000
170
0
5163000
5163000
175
500
4297500
4298000
180
6500
3456000
3462500
185
13000
2630000
2643000
190
19500
1925000
1944500
195
27000
1378500
1405500
200
35500
985000
1020500
210
93500
382000
475500
220
317500
30000
347500
230
966500
0
966500
240
2357500
0
2357500
250
4146500
0
4146500
270
7746500
0
7746500
280
9549500
0
9549500
300
13155500
0
13155500
320
16763500
0
16763500
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.