This page reflects WPC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — WPC
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (1.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$1.92
±3.0%
Days to Expiry
11
Calendar days
Total Call OI
4,539
Nearest expiry
Total Put OI
831
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$63.93
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
$70.00
8/21/2026, 11:36:06 PM
2026-09-18
$70.00
9/18/2026, 11:34:42 PM
2026-10-16NextUpdated
$65.00
10/5/2026, 11:34:48 PM
2026-11-20
$65.00
10/5/2026, 11:34:48 PM
2027-01-15
$65.00
10/5/2026, 11:34:48 PM
2027-04-16
$65.00
10/5/2026, 11:34:48 PM
Selected expiration: 2026-10-16 at max pain $65.00.
WPC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1950500
1950500
45
0
1535000
1535000
50
0
1119500
1119500
55
0
704500
704500
60
0
296000
296000
65
0
49000
49000
70
72000
6000
78000
75
742500
3500
746000
80
2607500
1000
2608500
85
4819500
0
4819500
90
7078500
0
7078500
95
9343500
0
9343500
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.