Watts Water Technologies, Inc.Close $299.15EOD only
Max Pain
$280.00
Next expiry Jun 18, 2026
Expected Move
±$16.25
5.4% from close
Price Gap
-19.15
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.03
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects WTS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — WTS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $280.00 (19.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$16.25
±5.4%
Days to Expiry
29
Calendar days
Total Call OI
2,384
Nearest expiry
Total Put OI
53
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$299.15
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
$280.00
4/17/2026, 11:33:05 PM
2026-05-15
$300.00
5/15/2026, 11:44:48 PM
2026-06-18NextUpdated
$280.00
5/20/2026, 11:37:08 PM
2026-09-18
$240.00
5/20/2026, 11:37:08 PM
2026-12-18
$250.00
5/20/2026, 11:37:08 PM
Selected expiration: 2026-06-18 at max pain $280.00.
WTS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
454500
454500
170
500
428000
428500
180
3500
375000
378500
185
5000
349000
354000
190
7000
324000
331000
195
9000
301500
310500
200
11000
282000
293000
210
16000
244000
260000
220
21000
210000
231000
230
27000
176000
203000
240
33000
142000
175000
250
39000
108000
147000
260
45000
74000
119000
270
51000
44000
95000
280
59000
16000
75000
290
68000
10000
78000
300
79000
4000
83000
310
127000
3000
130000
320
380000
2000
382000
330
2723000
1000
2724000
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.