This page reflects WSM 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 — WSM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $230.00 (2.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$13.45
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
4,147
Nearest expiry
Total Put OI
4,232
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$227.53
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
$180.00
5/15/2026, 11:47:17 PM
2026-06-18
$195.00
6/18/2026, 11:33:33 PM
2026-07-17NextUpdated
$230.00
7/3/2026, 11:33:13 PM
2026-08-21
$220.00
7/3/2026, 11:33:13 PM
2026-09-18
$190.00
7/3/2026, 11:33:13 PM
2026-11-20
$200.00
7/3/2026, 11:33:13 PM
2026-12-18
$190.00
7/3/2026, 11:33:13 PM
2027-01-15
$170.00
7/3/2026, 11:33:13 PM
2027-03-19
$200.00
7/3/2026, 11:33:13 PM
2027-06-17
$155.00
7/3/2026, 11:33:13 PM
Selected expiration: 2026-07-17 at max pain $230.00.
WSM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
35252500
35252500
125
0
33140000
33140000
130
0
31030000
31030000
135
0
28929500
28929500
140
1000
26897500
26898500
145
2000
24870000
24872000
150
3000
22844500
22847500
155
12000
20966000
20978000
160
21000
19088500
19109500
165
31000
17217000
17248000
170
41000
15360000
15401000
175
53500
13582000
13635500
180
67500
11812000
11879500
185
84000
10071000
10155000
190
100500
8347500
8448000
195
119000
6626500
6745500
200
139000
4911000
5050000
210
281000
2635000
2916000
220
474000
569000
1043000
230
794000
169000
963000
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.