This page reflects WHR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — WHR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $42.50 (4.40 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$3.45
±9.1%
Days to Expiry
15
Calendar days
Total Call OI
19,018
Nearest expiry
Total Put OI
8,452
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$38.10
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$50.00
5/15/2026, 11:48:11 PM
2026-06-18
$40.00
6/18/2026, 11:37:32 PM
2026-07-17NextUpdated
$42.50
7/3/2026, 11:30:57 PM
2026-08-21
$40.00
7/3/2026, 11:30:57 PM
2026-09-18
$50.00
7/3/2026, 11:30:57 PM
2026-11-20
$52.50
7/3/2026, 11:30:57 PM
2026-12-18
$45.00
7/3/2026, 11:30:57 PM
2027-01-15
$60.00
7/3/2026, 11:30:57 PM
2027-03-19
$45.00
7/3/2026, 11:30:57 PM
2027-06-17
$40.00
7/3/2026, 11:30:57 PM
Selected expiration: 2026-07-17 at max pain $42.50.
WHR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
11161250
11161250
27.5
1000
9059750
9060750
30
2500
6982250
6984750
32.5
4750
4948500
4953250
35
9000
3146500
3155500
37.5
19250
1741250
1760500
40
95750
780000
875750
42.5
627500
161250
788750
45
3812500
14500
3827000
47.5
7728000
5750
7733750
50
11988500
500
11989000
52.5
16590250
250
16590500
55
21283250
0
21283250
60
30755750
0
30755750
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.