This page reflects WEN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — WEN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $7.00 (0.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.35
±5.7%
Days to Expiry
7
Calendar days
Total Call OI
3,134
Nearest expiry
Total Put OI
1,054
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$6.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$7.00
9/25/2026, 11:34:28 PM
2026-10-02Updated
$6.50
10/2/2026, 11:33:46 PM
2026-10-09Next
$7.00
10/2/2026, 11:33:46 PM
2026-10-16
$7.00
10/2/2026, 11:33:46 PM
2026-10-23
$7.00
10/2/2026, 11:33:46 PM
2026-10-30
$7.00
10/2/2026, 11:33:46 PM
2026-11-06
$6.50
10/2/2026, 11:33:46 PM
2026-11-20
$8.00
10/2/2026, 11:33:46 PM
2027-01-15
$8.00
10/2/2026, 11:33:46 PM
2027-02-19
$8.00
10/2/2026, 11:33:46 PM
2027-05-21
$7.00
10/2/2026, 11:33:46 PM
Selected expiration: 2026-10-09 at max pain $7.00.
WEN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
394350
394350
4
1000
288950
289950
4.5
1650
236250
237900
5
2300
183550
185850
5.5
4200
130850
135050
6
6150
78150
84300
6.5
8900
27250
36150
7
22900
7250
30150
7.5
140300
3550
143850
8
273950
950
274900
8.5
423500
850
424350
9
575500
750
576250
9.5
729900
650
730550
10
886450
550
887000
11.5
1356550
250
1356800
12.5
1669950
150
1670100
13
1826650
100
1826750
14
2140050
0
2140050
15
2453450
0
2453450
16
2766850
0
2766850
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.