This page reflects WOR 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 — WOR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (0.34 above 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
±$4.20
±7.7%
Days to Expiry
29
Calendar days
Total Call OI
931
Nearest expiry
Total Put OI
264
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$54.66
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$50.00
4/17/2026, 11:34:25 PM
2026-05-15
$55.00
5/15/2026, 11:43:10 PM
2026-06-18NextUpdated
$55.00
5/20/2026, 11:39:43 PM
2026-09-18
$50.00
5/20/2026, 11:39:43 PM
2026-10-16
$35.00
5/20/2026, 11:39:43 PM
2026-12-18
$40.00
5/20/2026, 11:39:43 PM
Selected expiration: 2026-06-18 at max pain $55.00.
WOR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
535500
535500
35
0
404000
404000
40
1000
273500
274500
45
2500
162500
165000
50
4000
75000
79000
55
49000
4500
53500
60
220000
1500
221500
65
648500
1000
649500
70
1087000
500
1087500
75
1552500
0
1552500
80
2018000
0
2018000
85
2483500
0
2483500
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.