Advanced Drainage Systems, Inc.Close $127.27EOD only
Max Pain
$130.00
Next expiry Oct 16, 2026
Expected Move
±$6.62
5.2% from close
Price Gap
+2.73
Distance to max pain
IV Rank
3
Low premium
P/C OI
1.69
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects WMS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — WMS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (2.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$6.62
±5.2%
Days to Expiry
14
Calendar days
Total Call OI
277
Nearest expiry
Total Put OI
877
Nearest expiry
P/C OI Ratio
3.17
Put-heavy
Spot Price
$127.27
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$150.00
8/21/2026, 11:36:41 PM
2026-09-18
$120.00
9/18/2026, 11:32:52 PM
2026-10-16NextUpdated
$130.00
10/2/2026, 11:34:38 PM
2026-11-20
$125.00
10/2/2026, 11:34:38 PM
2026-12-18
$130.00
10/2/2026, 11:34:38 PM
2027-03-19
$125.00
10/2/2026, 11:34:38 PM
Selected expiration: 2026-10-16 at max pain $130.00.
WMS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
2589500
2589500
110
119000
1712500
1831500
115
178500
1277500
1456000
120
243000
844500
1087500
125
307500
423000
730500
130
372500
4000
376500
135
442500
1500
444000
140
523000
0
523000
145
610500
0
610500
150
728500
0
728500
155
867000
0
867000
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.