This page reflects WSM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — WSM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $220.00 (21.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$6.85
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
5,277
Nearest expiry
Total Put OI
6,336
Nearest expiry
P/C OI Ratio
1.20
Put-heavy
Spot Price
$241.39
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
2026-06-18
$195.00
6/18/2026, 11:33:33 PM
2026-07-17
$240.00
7/17/2026, 11:36:38 PM
2026-08-21NextUpdated
$220.00
8/18/2026, 11:40:54 PM
2026-09-18
$240.00
8/18/2026, 11:40:54 PM
2026-11-20
$220.00
8/18/2026, 11:40:54 PM
2026-12-18
$200.00
8/18/2026, 11:40:54 PM
2027-01-15
$180.00
8/18/2026, 11:40:54 PM
2027-02-19
$230.00
8/18/2026, 11:40:54 PM
2027-03-19
$230.00
8/18/2026, 11:40:54 PM
2027-06-17
$250.00
8/18/2026, 11:40:54 PM
Selected expiration: 2026-08-21 at max pain $220.00.
WSM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
77683000
77683000
100
0
74515500
74515500
105
0
71351000
71351000
110
0
68191000
68191000
115
0
65031000
65031000
120
0
61876500
61876500
125
500
58722000
58722500
130
1000
55578500
55579500
135
1500
52435000
52436500
140
2500
49313000
49315500
145
4000
46191000
46195000
150
5500
43073000
43078500
155
7500
39969000
39976500
160
11500
36870500
36882000
165
15500
33791000
33806500
170
20500
30715000
30735500
175
31500
27678000
27709500
180
47500
24648500
24696000
185
70500
21635500
21706000
190
102000
18843500
18945500
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.