This page reflects WSM 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 — WSM
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $200.00 (28.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$21.75
±12.7%
Days to Expiry
30
Calendar days
Total Call OI
1,787
Nearest expiry
Total Put OI
4,246
Nearest expiry
P/C OI Ratio
2.38
Put-heavy
Spot Price
$171.76
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$200.00
4/17/2026, 11:33:09 PM
2026-05-15
$180.00
5/15/2026, 11:47:17 PM
2026-06-18NextUpdated
$200.00
5/19/2026, 11:37:29 PM
2026-07-17
$175.00
5/19/2026, 11:37:29 PM
2026-08-21
$185.00
5/19/2026, 11:37:29 PM
2026-09-18
$190.00
5/19/2026, 11:37:29 PM
2026-11-20
$200.00
5/19/2026, 11:37:29 PM
2026-12-18
$190.00
5/19/2026, 11:37:29 PM
2027-01-15
$175.00
5/19/2026, 11:37:29 PM
2027-03-19
$145.00
5/19/2026, 11:37:29 PM
Selected expiration: 2026-06-18 at max pain $200.00.
WSM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
45452000
45452000
75
3500
43329500
43333000
80
7000
41207000
41214000
95
17500
34881500
34899000
100
22000
32773000
32795000
105
26500
30674500
30701000
110
31000
28678000
28709000
115
35500
26687500
26723000
120
40000
24698000
24738000
125
45000
22713000
22758000
130
60500
20747000
20807500
135
78000
18800000
18878000
140
109000
16874500
16983500
145
141500
14960500
15102000
150
180000
13081500
13261500
155
218500
11273500
11492000
160
258500
9490000
9748500
165
305500
7819500
8125000
170
354000
6185500
6539500
175
408000
4616000
5024000
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.