This page reflects WGS 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 — WGS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (6.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$3.80
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
1,459
Nearest expiry
Total Put OI
2,052
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$76.34
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
2026-08-07
$67.00
8/7/2026, 11:38:10 PM
2026-08-14
$84.00
8/14/2026, 11:37:36 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:37:31 PM
2026-08-28
$63.00
8/18/2026, 11:37:31 PM
2026-09-04
$67.00
8/18/2026, 11:37:31 PM
2026-09-11
$81.00
8/18/2026, 11:37:31 PM
2026-09-18
$55.00
8/18/2026, 11:37:31 PM
2026-09-25
$68.00
8/18/2026, 11:37:31 PM
2026-12-18
$57.50
8/18/2026, 11:37:31 PM
2027-01-15
$42.50
8/18/2026, 11:37:31 PM
2027-03-19
$37.50
8/18/2026, 11:37:31 PM
Selected expiration: 2026-08-21 at max pain $70.00.
WGS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5725800
5725800
32.5
0
5213550
5213550
35
0
4701800
4701800
37.5
0
4259800
4259800
40
0
3822300
3822300
42.5
250
3395300
3395550
45
500
2971300
2971800
47.5
1000
2550300
2551300
49
1450
2301750
2303200
50
1750
2137050
2138800
51
10750
1975550
1986300
52
19850
1814250
1834100
52.5
24400
1733750
1758150
53
29200
1654050
1683250
55
48600
1335650
1384250
56
58900
1206550
1265450
57
69200
1077850
1147050
57.5
74350
1013900
1088250
58
79550
950350
1029900
59
89950
823850
913800
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.