This page reflects WRBY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — WRBY
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (0.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.50
±5.9%
Days to Expiry
4
Calendar days
Total Call OI
8,108
Nearest expiry
Total Put OI
6,487
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$25.60
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
2026-08-07
$27.00
8/7/2026, 11:37:48 PM
2026-08-14
$25.00
8/14/2026, 11:44:04 PM
2026-08-21NextUpdated
$25.00
8/17/2026, 11:44:01 PM
2026-08-28
$26.00
8/17/2026, 11:44:01 PM
2026-09-04
$25.00
8/17/2026, 11:44:01 PM
2026-09-11
$24.00
8/17/2026, 11:44:01 PM
2026-09-18
$25.00
8/17/2026, 11:44:01 PM
2026-09-25
$29.00
8/17/2026, 11:44:01 PM
2026-10-02
$20.00
8/17/2026, 11:44:01 PM
2026-12-18
$20.00
8/17/2026, 11:44:01 PM
2027-01-15
$22.50
8/17/2026, 11:44:01 PM
2027-03-19
$22.50
8/17/2026, 11:44:01 PM
Selected expiration: 2026-08-21 at max pain $25.00.
WRBY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
7954450
7954450
15
0
6335700
6335700
16
0
5691000
5691000
17
0
5046600
5046600
17.5
0
4724450
4724450
18
0
4406400
4406400
19
0
3771000
3771000
20
0
3135900
3135900
21
0
2507900
2507900
22
700
1886700
1887400
22.5
1450
1588150
1589600
23
2200
1293450
1295650
23.5
192950
1002750
1195700
24
384450
714300
1098750
24.5
575950
484100
1060050
25
783700
255250
1038950
25.5
1098450
136800
1235250
26
1414950
28450
1443400
26.5
1744600
20500
1765100
27
2077650
15250
2092900
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.