This page reflects WSC 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 — WSC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $22.50 (4.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.88
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
2,904
Nearest expiry
Total Put OI
1,799
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$26.66
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
$22.50
5/15/2026, 11:45:57 PM
2026-06-18
$25.00
6/18/2026, 11:38:46 PM
2026-07-17NextUpdated
$22.50
7/3/2026, 11:30:58 PM
2026-08-21
$27.50
7/3/2026, 11:30:58 PM
2026-10-16
$20.00
7/3/2026, 11:30:58 PM
2026-12-18
$30.00
7/3/2026, 11:30:58 PM
2027-01-15
$25.00
7/3/2026, 11:30:58 PM
Selected expiration: 2026-07-17 at max pain $22.50.
WSC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3096250
3096250
5
250
2646500
2646750
7.5
500
2205750
2206250
10
1250
1772500
1773750
12.5
2250
1358750
1361000
15
3500
980750
984250
17.5
4750
617750
622500
20
16750
272750
289500
22.5
40000
38750
78750
25
150000
4250
154250
27.5
335750
0
335750
30
548000
0
548000
32.5
1181250
0
1181250
35
1869250
0
1869250
37.5
2567750
0
2567750
40
3275250
0
3275250
42.5
3997750
0
3997750
50
6171250
0
6171250
55
7622750
0
7622750
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.