Williams Companies, Inc. (The)Close $75.13EOD only
Max Pain
$74.00
Next expiry Aug 21, 2026
Expected Move
±$1.78
2.4% from close
Price Gap
-1.13
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.57
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects WMB 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 — WMB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $74.00 (1.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$74.00
Nearest expiry
Expected Move
±$1.78
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
26,778
Nearest expiry
Total Put OI
11,221
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$75.13
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
2026-08-07
$71.00
8/7/2026, 11:39:42 PM
2026-08-14
$72.00
8/14/2026, 11:44:42 PM
2026-08-21NextUpdated
$74.00
8/18/2026, 11:44:23 PM
2026-08-28
$74.00
8/18/2026, 11:44:23 PM
2026-09-04
$73.00
8/18/2026, 11:44:23 PM
2026-09-11
$72.00
8/18/2026, 11:44:23 PM
2026-09-18
$70.00
8/18/2026, 11:44:23 PM
2026-09-25
$70.00
8/18/2026, 11:44:23 PM
2026-10-16
$70.00
8/18/2026, 11:44:23 PM
2026-11-20
$75.00
8/18/2026, 11:44:23 PM
2026-12-18
$70.00
8/18/2026, 11:44:23 PM
2027-01-15
$65.00
8/18/2026, 11:44:23 PM
2027-02-19
$75.00
8/18/2026, 11:44:23 PM
2027-03-19
$75.00
8/18/2026, 11:44:23 PM
2027-06-17
$70.00
8/18/2026, 11:44:23 PM
Selected expiration: 2026-08-21 at max pain $74.00.
WMB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
43696500
43696500
40
10000
32483500
32493500
45
15000
26877000
26892000
50
20000
21282500
21302500
55
25000
15708000
15733000
60
33500
10165500
10199000
62
40300
7983900
8024200
63
43700
6893500
6937200
64
47200
5803300
5850500
65
50700
4713200
4763900
66
61100
4031800
4092900
67
71500
3377100
3448600
68
81900
2740400
2822300
69
92500
2113600
2206100
70
103100
1496600
1599700
71
203400
1080100
1283500
72
329200
709300
1038500
73
516100
439200
955300
74
720100
193900
914000
75
983400
13400
996800
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.