This page reflects WRB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — WRB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $62.50 (9.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$2.58
±3.6%
Days to Expiry
15
Calendar days
Total Call OI
2,518
Nearest expiry
Total Put OI
505
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$72.08
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$65.00
5/15/2026, 11:47:48 PM
2026-06-18
$65.00
6/18/2026, 11:34:22 PM
2026-07-17NextUpdated
$62.50
7/3/2026, 11:34:21 PM
2026-08-21
$69.50
7/3/2026, 11:34:21 PM
2026-10-16
$65.00
7/3/2026, 11:34:21 PM
2027-01-15
$62.00
7/3/2026, 11:34:21 PM
Selected expiration: 2026-07-17 at max pain $62.50.
WRB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
1112850
1112850
48.5
600
809850
810450
49
6650
784600
791250
50
30750
734100
764850
54
127550
532100
659650
55
151950
482000
633950
57
200950
382000
582950
57.5
213200
357200
570400
58.5
237700
308000
545700
59
251550
284300
535850
59.5
267000
261500
528500
60
282450
239750
522200
61
313450
198350
511800
61.5
329200
177700
506900
62
345200
157100
502300
62.5
361200
138850
500050
63.5
393400
107050
500450
64
410650
91550
502200
64.5
429050
76600
505650
65
447550
64650
512200
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.