This page reflects WHR 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 — WHR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (0.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$1.67
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
12,080
Nearest expiry
Total Put OI
16,003
Nearest expiry
P/C OI Ratio
1.32
Put-heavy
Spot Price
$39.27
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
$40.00
6/18/2026, 11:37:32 PM
2026-07-17
$40.00
7/17/2026, 11:40:57 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:41:01 PM
2026-09-18
$45.00
8/18/2026, 11:41:01 PM
2026-11-20
$45.00
8/18/2026, 11:41:01 PM
2026-12-18
$45.00
8/18/2026, 11:41:01 PM
2027-01-15
$50.00
8/18/2026, 11:41:01 PM
2027-03-19
$42.50
8/18/2026, 11:41:01 PM
2027-06-17
$42.50
8/18/2026, 11:41:01 PM
Selected expiration: 2026-08-21 at max pain $40.00.
WHR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
18598250
18598250
25
3000
14601250
14604250
27.5
6500
10620000
10626500
30
11000
6718000
6729000
32.5
17750
4306250
4324000
35
46250
2459250
2505500
37.5
132500
969500
1102000
40
353000
320500
673500
42.5
1124500
33500
1158000
45
2349500
1750
2351250
47.5
4039500
500
4040000
50
6166250
0
6166250
52.5
9041000
0
9041000
55
11936750
0
11936750
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.