This page reflects WLK 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 — WLK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (7.52 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
±$3.70
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
677
Nearest expiry
Total Put OI
201
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$77.52
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
$85.00
6/18/2026, 11:37:53 PM
2026-07-17
$85.00
7/17/2026, 11:38:35 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:44:22 PM
2026-09-18
$65.00
8/18/2026, 11:44:22 PM
2026-10-16
$80.00
8/18/2026, 11:44:22 PM
2026-12-18
$95.00
8/18/2026, 11:44:22 PM
2027-01-15
$60.00
8/18/2026, 11:44:22 PM
Selected expiration: 2026-08-21 at max pain $70.00.
WLK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
323000
323000
50
0
224500
224500
55
0
152500
152500
60
0
90000
90000
65
0
62000
62000
70
0
35500
35500
75
50000
13000
63000
80
110000
0
110000
85
413000
0
413000
90
729500
0
729500
110
1997500
0
1997500
115
2315000
0
2315000
120
2642500
0
2642500
125
2980000
0
2980000
130
3318000
0
3318000
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.