Willis Towers Watson Public LimClose $286.22EOD only
Max Pain
$260.00
Next expiry Jul 17, 2026
Expected Move
±$37.90
13.2% from close
Price Gap
-26.22
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects WTW 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 — WTW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $260.00 (26.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$37.90
±13.2%
Days to Expiry
15
Calendar days
Total Call OI
720
Nearest expiry
Total Put OI
357
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$286.22
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
$270.00
5/15/2026, 11:46:21 PM
2026-06-18
$270.00
6/18/2026, 11:38:23 PM
2026-07-17NextUpdated
$260.00
7/3/2026, 11:34:28 PM
2026-08-21
$260.00
7/3/2026, 11:34:28 PM
2026-10-16
$290.00
7/3/2026, 11:34:28 PM
2027-01-15
$200.00
7/3/2026, 11:34:28 PM
Selected expiration: 2026-07-17 at max pain $260.00.
WTW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
2755000
2755000
180
500
2577500
2578000
185
1000
2403000
2404000
190
1500
2229000
2230500
195
2000
2056500
2058500
200
2500
1888000
1890500
210
67500
1558000
1625500
220
132500
1243000
1375500
230
200500
933000
1133500
240
268500
636000
904500
250
340500
366000
706500
260
433500
196000
629500
270
563500
119000
682500
280
806500
45000
851500
290
1183500
29000
1212500
300
1619500
19000
1638500
310
2093500
15000
2108500
320
2742500
12000
2754500
330
3407500
9000
3416500
340
4094500
6000
4100500
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.