Willis Towers Watson Public LimClose $288.61EOD only
Max Pain
$270.00
Next expiry Oct 16, 2026
Expected Move
±$5.05
1.8% from close
Price Gap
-18.61
Distance to max pain
IV Rank
100
High premium
P/C OI
0.43
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — WTW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $270.00 (18.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$5.05
±1.8%
Days to Expiry
14
Calendar days
Total Call OI
963
Nearest expiry
Total Put OI
274
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$288.61
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
$320.00
8/21/2026, 11:37:25 PM
2026-09-18
$310.00
9/18/2026, 11:33:55 PM
2026-10-16NextUpdated
$270.00
10/2/2026, 11:35:05 PM
2026-11-20
$280.00
10/2/2026, 11:35:05 PM
2027-01-15
$290.00
10/2/2026, 11:35:05 PM
2027-04-16
$300.00
10/2/2026, 11:35:05 PM
Selected expiration: 2026-10-16 at max pain $270.00.
WTW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
2471000
2471000
165
0
2334000
2334000
170
0
2197000
2197000
175
0
2060000
2060000
180
0
1924000
1924000
185
0
1792000
1792000
190
0
1662000
1662000
195
0
1536000
1536000
200
0
1412000
1412000
210
1000
1166000
1167000
220
2000
921000
923000
230
3000
743000
746000
240
4000
565000
569000
250
5000
478000
483000
260
26000
391000
417000
270
60000
304000
364000
280
339000
217000
556000
290
697000
136000
833000
300
1058000
55000
1113000
310
1445000
35000
1480000
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.