Advanced Drainage Systems, Inc.Close $152.18EOD only
Max Pain
$140.00
Next expiry Jul 17, 2026
Expected Move
±$9.03
5.9% from close
Price Gap
-12.18
Distance to max pain
IV Rank
5
Low premium
P/C OI
2.02
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — WMS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $140.00 (12.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$9.03
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
56
Nearest expiry
Total Put OI
1,649
Nearest expiry
P/C OI Ratio
29.45
Put-heavy
Spot Price
$152.18
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
$150.00
5/15/2026, 11:47:21 PM
2026-06-18
$140.00
6/18/2026, 11:38:20 PM
2026-07-17NextUpdated
$140.00
7/3/2026, 11:32:33 PM
2026-08-21
$140.00
7/3/2026, 11:32:33 PM
2026-09-18
$100.00
7/3/2026, 11:32:33 PM
2026-12-18
$110.00
7/3/2026, 11:32:33 PM
Selected expiration: 2026-07-17 at max pain $140.00.
WMS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
7854000
7854000
90
0
7030500
7030500
95
0
6207500
6207500
100
0
5385500
5385500
105
0
4564500
4564500
110
0
3744500
3744500
115
0
2925000
2925000
120
0
2106000
2106000
125
0
1288000
1288000
130
0
472500
472500
135
2500
14500
17000
140
5500
6500
12000
145
9500
3000
12500
150
19500
1500
21000
155
30500
1000
31500
160
47000
500
47500
165
66500
0
66500
170
88500
0
88500
175
116000
0
116000
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.