This page reflects WEN 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 — WEN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $8.50 (0.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.50
Nearest expiry
Expected Move
±$0.93
±10.8%
Days to Expiry
8
Calendar days
Total Call OI
43,051
Nearest expiry
Total Put OI
181,756
Nearest expiry
P/C OI Ratio
4.22
Put-heavy
Spot Price
$8.60
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$8.50
6/26/2026, 11:35:07 PM
2026-07-02
$8.00
7/2/2026, 11:37:50 PM
2026-07-10NextUpdated
$8.50
7/3/2026, 11:30:45 PM
2026-07-17
$7.50
7/3/2026, 11:30:45 PM
2026-07-24
$8.00
7/3/2026, 11:30:45 PM
2026-07-31
$7.50
7/3/2026, 11:30:45 PM
2026-08-07
$7.50
7/3/2026, 11:30:45 PM
2026-08-21
$7.00
7/3/2026, 11:30:45 PM
2026-11-20
$7.00
7/3/2026, 11:30:45 PM
2027-01-15
$8.00
7/3/2026, 11:30:45 PM
2027-02-19
$8.00
7/3/2026, 11:30:45 PM
Selected expiration: 2026-07-10 at max pain $8.50.
WEN pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
90886400
90886400
3
100
81799050
81799150
3.5
350
72712450
72712800
4
600
63627300
63627900
4.5
900
54544300
54545200
5
1200
45462200
45463400
5.5
3250
36385150
36388400
6
6000
27350350
27356350
6.5
18250
18371150
18389400
7
47450
10769600
10817050
7.5
158400
6209950
6368350
8
344550
3079950
3424500
8.5
744800
16450
761250
9
1355050
6350
1361400
9.5
2150550
3000
2153550
10
3118050
1750
3119800
10.5
4444700
1400
4446100
11
5859250
1050
5860300
11.5
7499850
700
7500550
12
9180700
600
9181300
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.