This page reflects WU 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 — WU
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $7.00 (1.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.35
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
7,208
Nearest expiry
Total Put OI
2,065
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$8.01
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
$8.00
5/15/2026, 11:47:28 PM
2026-06-18
$8.00
6/18/2026, 11:39:07 PM
2026-07-17NextUpdated
$7.00
7/3/2026, 11:31:30 PM
2026-08-21
$8.00
7/3/2026, 11:31:30 PM
2026-09-18
$9.00
7/3/2026, 11:31:30 PM
2026-11-20
$8.00
7/3/2026, 11:31:30 PM
2027-01-15
$8.00
7/3/2026, 11:31:30 PM
2027-02-19
$7.00
7/3/2026, 11:31:30 PM
Selected expiration: 2026-07-17 at max pain $7.00.
WU pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1362300
1362300
2
0
1155800
1155800
3
100
949300
949400
4
300
742800
743100
5
700
536400
537100
6
1400
330100
331500
7
4400
127900
132300
8
344500
5100
349600
9
1008900
900
1009800
10
1709400
200
1709600
11
2427800
100
2427900
12
3148200
0
3148200
13
3868800
0
3868800
15
5310000
0
5310000
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.