This page reflects WRBY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — WRBY
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $27.00 (1.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$2.40
±9.4%
Days to Expiry
3
Calendar days
Total Call OI
13,220
Nearest expiry
Total Put OI
6,823
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$25.51
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$22.00
5/8/2026, 11:32:31 PM
2026-05-15
$25.00
5/15/2026, 11:48:17 PM
2026-05-22NextUpdated
$27.00
5/19/2026, 11:41:23 PM
2026-05-29
$29.00
5/19/2026, 11:41:23 PM
2026-06-05
$28.00
5/19/2026, 11:41:23 PM
2026-06-12
$30.00
5/19/2026, 11:41:23 PM
2026-06-18
$22.50
5/19/2026, 11:41:23 PM
2026-06-26
$29.00
5/19/2026, 11:41:23 PM
2026-09-18
$25.00
5/19/2026, 11:41:23 PM
2026-12-18
$20.00
5/19/2026, 11:41:23 PM
2027-01-15
$20.00
5/19/2026, 11:41:23 PM
Selected expiration: 2026-05-22 at max pain $27.00.
WRBY pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
7205300
7205300
15
600
5158400
5159000
16
900
4476100
4477000
17
1200
3794600
3795800
18
1500
3115300
3116800
18.5
1650
2780650
2782300
19
1800
2473300
2475100
19.5
1950
2168500
2170450
20
2100
1865200
1867300
20.5
2250
1604150
1606400
21
2400
1436650
1439050
21.5
2550
1294050
1296600
22
2700
1166100
1168800
22.5
5950
1042850
1048800
23
9200
922150
931350
23.5
17900
804350
822250
24
26700
690400
717100
24.5
42200
581400
623600
25
57900
473400
531300
25.5
84950
368450
453400
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.