This page reflects WTTR 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 — WTTR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.00 (7.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.27
±7.1%
Days to Expiry
15
Calendar days
Total Call OI
2,206
Nearest expiry
Total Put OI
39
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$17.99
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
$15.00
5/15/2026, 11:48:14 PM
2026-06-18
$15.00
6/18/2026, 11:37:34 PM
2026-07-17NextUpdated
$10.00
7/3/2026, 11:34:42 PM
2026-08-21
$20.00
7/3/2026, 11:34:42 PM
2026-10-16
$12.50
7/3/2026, 11:34:42 PM
2027-01-15
$10.00
7/3/2026, 11:34:42 PM
Selected expiration: 2026-07-17 at max pain $10.00.
WTTR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
57750
57750
5
4000
48000
52000
7.5
8000
38250
46250
10
13750
28500
42250
12.5
73000
18750
91750
15
270000
10000
280000
17.5
616500
2250
618750
20
1002750
1000
1003750
22.5
1424000
750
1424750
25
1974750
500
1975250
30
3077250
0
3077250
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.