This page reflects WRB 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 — WRB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $69.50 (0.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$69.50
Nearest expiry
Expected Move
±$2.27
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
618
Nearest expiry
Total Put OI
792
Nearest expiry
P/C OI Ratio
1.28
Put-heavy
Spot Price
$70.17
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
$65.00
6/18/2026, 11:34:22 PM
2026-07-17
$64.50
7/17/2026, 11:35:12 PM
2026-08-21NextUpdated
$69.50
8/18/2026, 11:34:22 PM
2026-09-18
$70.00
8/18/2026, 11:34:22 PM
2026-10-16
$65.00
8/18/2026, 11:34:22 PM
2027-01-15
$62.50
8/18/2026, 11:34:22 PM
Selected expiration: 2026-08-21 at max pain $69.50.
WRB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
44.5
0
1861550
1861550
47
0
1664050
1664050
59.5
0
677800
677800
60
0
638400
638400
62
0
481000
481000
64.5
0
284500
284500
67
500
92750
93250
67.5
750
82350
83100
69.5
1950
40750
42700
72
36950
10000
46950
74.5
106200
3250
109450
77
192700
1500
194200
79.5
333200
0
333200
84.5
627200
0
627200
94.5
1243200
0
1243200
99.5
1551700
0
1551700
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.