This page reflects WSM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — WSM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (2.30 below 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
±$12.55
±5.4%
Days to Expiry
14
Calendar days
Total Call OI
1,183
Nearest expiry
Total Put OI
840
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$232.30
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$220.00
8/21/2026, 11:36:17 PM
2026-09-18
$230.00
9/18/2026, 11:37:04 PM
2026-10-16NextUpdated
$230.00
10/2/2026, 11:33:47 PM
2026-11-20
$240.00
10/2/2026, 11:33:47 PM
2026-12-18
$200.00
10/2/2026, 11:33:47 PM
2027-01-15
$190.00
10/2/2026, 11:33:47 PM
2027-02-19
$240.00
10/2/2026, 11:33:47 PM
2027-03-19
$240.00
10/2/2026, 11:33:47 PM
2027-06-17
$270.00
10/2/2026, 11:33:47 PM
2027-09-17
$150.00
10/2/2026, 11:33:47 PM
Selected expiration: 2026-10-16 at max pain $230.00.
WSM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
4352500
4352500
165
5000
3932500
3937500
170
11500
3514500
3526000
175
19500
3097500
3117000
180
27500
2681500
2709000
185
40500
2271000
2311500
190
54500
1874500
1929000
195
68500
1486000
1554500
200
82500
1115000
1197500
210
110500
463000
573500
220
141500
198000
339500
230
196500
52000
248500
240
387500
15000
402500
250
910500
4000
914500
260
1884500
0
1884500
270
3002500
0
3002500
280
4142500
0
4142500
290
5311500
0
5311500
300
6488500
0
6488500
310
7667500
0
7667500
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.