This page reflects WLK 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 — WLK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (10.23 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.92
±7.9%
Days to Expiry
15
Calendar days
Total Call OI
1,235
Nearest expiry
Total Put OI
394
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$74.77
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
$105.00
5/15/2026, 11:47:41 PM
2026-06-18
$85.00
6/18/2026, 11:37:53 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:31:02 PM
2026-08-21
$55.00
7/3/2026, 11:31:02 PM
2026-10-16
$100.00
7/3/2026, 11:31:02 PM
2026-12-18
$95.00
7/3/2026, 11:31:02 PM
2027-01-15
$70.00
7/3/2026, 11:31:02 PM
Selected expiration: 2026-07-17 at max pain $85.00.
WLK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1912500
1912500
35
0
1722000
1722000
40
0
1532000
1532000
45
1000
1344000
1345000
50
2000
1156500
1158500
55
3000
970500
973500
60
5000
786500
791500
65
7000
603500
610500
70
9000
434500
443500
75
11500
280500
292000
80
22500
165500
188000
85
63000
64000
127000
90
141000
5500
146500
95
301000
4000
305000
100
468000
2500
470500
105
801000
1000
802000
110
1143500
0
1143500
115
1486500
0
1486500
120
1838000
0
1838000
125
2223500
0
2223500
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.