This page reflects WU 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 — WU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (0.21 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
±$0.30
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
53,735
Nearest expiry
Total Put OI
9,119
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$7.21
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
$8.00
6/18/2026, 11:39:07 PM
2026-07-17
$7.00
7/17/2026, 11:40:39 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:41:12 PM
2026-09-18
$8.00
8/18/2026, 11:41:12 PM
2026-11-20
$7.00
8/18/2026, 11:41:12 PM
2027-01-15
$8.00
8/18/2026, 11:41:12 PM
2027-02-19
$7.00
8/18/2026, 11:41:12 PM
Selected expiration: 2026-08-21 at max pain $7.00.
WU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
5197000
5197000
3
400
4285300
4285700
4
1000
3374200
3375200
5
6900
2464000
2470900
6
17800
1557800
1575600
7
333300
701200
1034500
8
1165800
71000
1236800
9
3258500
4600
3263100
10
7762400
1400
7763800
11
12754200
600
12754800
12
17913600
0
17913600
13
23127600
0
23127600
14
28395600
0
28395600
15
33666500
0
33666500
16
38971100
0
38971100
17
44284200
0
44284200
18
49597400
0
49597400
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.