This page reflects WEX 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 — WEX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $165.00 (26.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$5.88
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
1,714
Nearest expiry
Total Put OI
2,454
Nearest expiry
P/C OI Ratio
1.43
Put-heavy
Spot Price
$191.73
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
$150.00
6/18/2026, 11:37:39 PM
2026-07-17
$140.00
7/17/2026, 11:40:56 PM
2026-08-21NextUpdated
$165.00
8/18/2026, 11:39:07 PM
2026-09-18
$190.00
8/18/2026, 11:39:07 PM
2026-11-20
$160.00
8/18/2026, 11:39:07 PM
2027-02-19
$140.00
8/18/2026, 11:39:07 PM
Selected expiration: 2026-08-21 at max pain $165.00.
WEX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
17382000
17382000
90
0
16155500
16155500
95
0
14929500
14929500
100
0
13703500
13703500
105
0
12479500
12479500
110
0
11256000
11256000
115
1000
10048000
10049000
120
2000
8840500
8842500
125
3000
7637000
7640000
130
4000
6436500
6440500
135
5000
5383500
5388500
140
7000
4397000
4404000
145
11000
3416000
3427000
150
61000
2487000
2548000
155
120500
1708000
1828500
160
184000
1052000
1236000
165
400000
427500
827500
170
992000
178000
1170000
175
1592000
38000
1630000
180
2396000
17000
2413000
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.