This page reflects WEX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — WEX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $150.00 (5.76 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$12.70
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
116
Nearest expiry
Total Put OI
92
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$144.24
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$175.00
4/17/2026, 11:32:47 PM
2026-05-15
$150.00
5/15/2026, 11:47:58 PM
2026-06-18NextUpdated
$150.00
5/20/2026, 11:38:49 PM
2026-08-21
$165.00
5/20/2026, 11:38:49 PM
2026-11-20
$165.00
5/20/2026, 11:38:49 PM
Selected expiration: 2026-06-18 at max pain $150.00.
WEX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
200500
200500
115
0
157000
157000
120
0
125000
125000
125
0
95500
95500
130
500
68500
69000
135
1000
44000
45000
140
1500
28000
29500
145
2500
14500
17000
150
5500
6000
11500
155
14000
3500
17500
160
28000
2000
30000
165
45000
1000
46000
170
63000
0
63000
185
120000
0
120000
190
170500
0
170500
195
221500
0
221500
200
275500
0
275500
210
391500
0
391500
220
507500
0
507500
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.