thetaOwl
HomeOptionsWMTMax Pain

WMT

Walmart Inc.Close $134.20EOD only
Max Pain
$130.00
Next expiry May 22, 2026
Expected Move
±$6.45
4.8% from close
Price Gap
-4.20
Distance to max pain
IV Rank
43
Middle-high premium
P/C OI
1.11
Slightly put-heavy
Consensus
3/4
Partial coverage
Published snapshot: May 19, 2026 close
End-of-day snapshot

This page reflects WMT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 19, 2026 close
Max Pain — WMT
Data as of market close May 19, 2026
Open Available Reports (3/4)

Nearest listed expiration 2026-05-22 shows max pain at $130.00 (4.20 below 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
±$6.45
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
28,127
Nearest expiry
Total Put OI
57,763
Nearest expiry
P/C OI Ratio
2.05
Put-heavy
Spot Price
$134.20
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$130.005/8/2026, 11:34:41 PM
2026-05-15$127.005/15/2026, 11:45:45 PM
2026-05-22NextUpdated$130.005/19/2026, 11:39:28 PM
2026-05-29$128.005/19/2026, 11:39:28 PM
2026-06-05$129.005/19/2026, 11:39:28 PM
2026-06-12$131.005/19/2026, 11:39:28 PM
2026-06-18$115.005/19/2026, 11:39:28 PM
2026-06-26$125.005/19/2026, 11:39:28 PM
2026-07-17$125.005/19/2026, 11:39:28 PM
2026-08-21$130.005/19/2026, 11:39:28 PM
2026-09-18$120.005/19/2026, 11:39:28 PM
2026-11-20$125.005/19/2026, 11:39:28 PM
2026-12-18$90.005/19/2026, 11:39:28 PM
2027-01-15$110.005/19/2026, 11:39:28 PM
2027-03-19$110.005/19/2026, 11:39:28 PM
Selected expiration: 2026-05-22 at max pain $130.00.
WMT pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
650325244300325244300
7010000294218300294228300
7521000263194800263215800
8033500232178800232212300
8548000201162800201210800
9065500170318800170384300
9584000139475800139559800
100104500108639800108744300
1051295007788030078009800
1091527005332750053480200
1101585004720190047360400
1111665004379170043958200
1121768004038470040561500
1131871003700970037196800
1142036003364120033844800
1152230003029140030514400
1162468002707730027324100
1172722002390720024179400
1182998002082010021119900
1193296001783380018163400
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.