Willis Towers Watson Public LimClose $327.90EOD only
Max Pain
$320.00
Next expiry Aug 21, 2026
Expected Move
±$3.00
0.9% from close
Price Gap
-7.90
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.95
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — WTW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (7.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$3.00
±0.9%
Days to Expiry
3
Calendar days
Total Call OI
47
Nearest expiry
Total Put OI
94
Nearest expiry
P/C OI Ratio
2.00
Put-heavy
Spot Price
$327.90
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$270.00
6/18/2026, 11:38:23 PM
2026-07-17
$260.00
7/17/2026, 11:40:29 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:40:49 PM
2026-09-18
$320.00
8/18/2026, 11:40:49 PM
2026-10-16
$290.00
8/18/2026, 11:40:49 PM
2027-01-15
$250.00
8/18/2026, 11:40:49 PM
Selected expiration: 2026-08-21 at max pain $320.00.
WTW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
896000
896000
200
0
803000
803000
220
0
619000
619000
230
0
528000
528000
240
0
451000
451000
250
0
377000
377000
260
0
304000
304000
270
1000
232000
233000
280
2000
165000
167000
290
5000
100000
105000
300
9000
56000
65000
310
24000
32000
56000
320
42000
8000
50000
330
67000
4000
71000
340
103000
0
103000
350
145000
0
145000
360
191000
0
191000
370
238000
0
238000
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.