This page reflects WHR 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 — WHR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $45.00 (3.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$5.93
±14.3%
Days to Expiry
29
Calendar days
Total Call OI
29,430
Nearest expiry
Total Put OI
32,098
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$41.51
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
$57.50
4/17/2026, 11:33:54 PM
2026-05-15
$50.00
5/15/2026, 11:48:11 PM
2026-06-18NextUpdated
$45.00
5/20/2026, 11:40:41 PM
2026-07-17
$42.50
5/20/2026, 11:40:41 PM
2026-09-18
$50.00
5/20/2026, 11:40:41 PM
2026-11-20
$55.00
5/20/2026, 11:40:41 PM
2026-12-18
$45.00
5/20/2026, 11:40:41 PM
2027-01-15
$70.00
5/20/2026, 11:40:41 PM
2027-03-19
$55.00
5/20/2026, 11:40:41 PM
Selected expiration: 2026-06-18 at max pain $45.00.
WHR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
40637750
40637750
30
0
32656750
32656750
32.5
1250
24827500
24828750
35
4000
17308000
17312000
37.5
16500
14129500
14146000
40
533750
11169000
11702750
42.5
1638750
8905500
10544250
45
3079500
7063750
10143250
47.5
5351250
5554500
10905750
50
8029750
4274250
12304000
52.5
11535250
3265000
14800250
55
15103500
2346750
17450250
57.5
19339250
1793250
21132500
60
23801250
1359500
25160750
62.5
28526250
1060500
29586750
65
33367500
803250
34170750
67.5
38380500
600250
38980750
70
43588000
400000
43988000
72.5
49231500
214000
49445500
75
54940250
32500
54972750
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.