This page reflects WOR 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 — WOR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (1.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.52
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
880
Nearest expiry
Total Put OI
143
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$56.99
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
2026-06-18
$55.00
6/18/2026, 11:37:46 PM
2026-07-17
$55.00
7/17/2026, 11:40:22 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:41:10 PM
2026-09-18
$55.00
8/18/2026, 11:41:10 PM
2026-10-16
$55.00
8/18/2026, 11:41:10 PM
2026-12-18
$55.00
8/18/2026, 11:41:10 PM
2027-03-19
$45.00
8/18/2026, 11:41:10 PM
Selected expiration: 2026-08-21 at max pain $55.00.
WOR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
228000
228000
40
0
158000
158000
45
0
89500
89500
50
500
42500
43000
55
1000
1000
2000
60
60500
0
60500
65
482000
0
482000
70
910500
0
910500
75
1345000
0
1345000
80
1784500
0
1784500
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.