Williams Companies, Inc. (The)Close $77.88EOD only
Max Pain
$72.00
Next expiry May 22, 2026
Expected Move
±$1.45
1.9% from close
Price Gap
-5.88
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.96
Balanced positioning
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — WMB
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $72.00 (5.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$72.00
Nearest expiry
Expected Move
±$1.45
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
3,611
Nearest expiry
Total Put OI
10,857
Nearest expiry
P/C OI Ratio
3.01
Put-heavy
Spot Price
$77.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$74.00
5/8/2026, 11:33:29 PM
2026-05-15
$70.00
5/15/2026, 11:47:25 PM
2026-05-22NextUpdated
$72.00
5/20/2026, 11:39:24 PM
2026-05-29
$74.00
5/20/2026, 11:39:24 PM
2026-06-05
$74.00
5/20/2026, 11:39:24 PM
2026-06-12
$74.00
5/20/2026, 11:39:24 PM
2026-06-18
$70.00
5/20/2026, 11:39:24 PM
2026-06-26
$73.00
5/20/2026, 11:39:24 PM
2026-07-17
$75.00
5/20/2026, 11:39:24 PM
2026-08-21
$70.00
5/20/2026, 11:39:24 PM
2026-09-18
$70.00
5/20/2026, 11:39:24 PM
2026-11-20
$70.00
5/20/2026, 11:39:24 PM
2026-12-18
$70.00
5/20/2026, 11:39:24 PM
2027-01-15
$65.00
5/20/2026, 11:39:24 PM
2027-03-19
$65.00
5/20/2026, 11:39:24 PM
Selected expiration: 2026-05-22 at max pain $72.00.
WMB pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
58
0
7311700
7311700
62
400
2968900
2969300
63
500
1883300
1883800
64
600
797900
798500
65
700
712700
713400
66
1000
627600
628600
67
1300
542600
543900
68
1600
458300
459900
69
1900
374100
376000
70
2200
314100
316300
71
4100
259300
263400
72
6200
205500
211700
73
66600
152200
218800
74
129800
108800
238600
75
198400
72600
271000
76
273100
44300
317400
77
484000
25200
509200
78
712000
10300
722300
79
967900
5200
973100
80
1268800
1900
1270700
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.