This page reflects WGO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — WGO
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $27.50 (2.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.50
Nearest expiry
Expected Move
±$1.55
±6.2%
Days to Expiry
11
Calendar days
Total Call OI
2,423
Nearest expiry
Total Put OI
674
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$25.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$30.00
8/21/2026, 11:36:12 PM
2026-09-18
$30.00
9/18/2026, 11:35:26 PM
2026-10-16NextUpdated
$27.50
10/5/2026, 11:36:02 PM
2026-11-20
$27.50
10/5/2026, 11:36:02 PM
2026-12-18
$30.00
10/5/2026, 11:36:02 PM
2027-01-15
$30.00
10/5/2026, 11:36:02 PM
2027-04-16
$30.00
10/5/2026, 11:36:02 PM
Selected expiration: 2026-10-16 at max pain $27.50.
WGO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
623250
623250
20
0
471750
471750
22.5
0
326500
326500
25
4750
195500
200250
27.5
14000
82250
96250
30
169250
14500
183750
32.5
365250
3750
369000
35
585250
1500
586750
37.5
834000
750
834750
40
1097500
0
1097500
42.5
1689250
0
1689250
45
2282500
0
2282500
50
3480000
0
3480000
55
4679000
0
4679000
65
7077000
0
7077000
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.