This page reflects WULF options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — WULF
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $21.50 (0.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.50
Nearest expiry
Expected Move
±$1.72
±8.0%
Days to Expiry
3
Calendar days
Total Call OI
57,573
Nearest expiry
Total Put OI
74,804
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$21.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$21.50
5/8/2026, 11:35:05 PM
2026-05-15
$20.00
5/15/2026, 11:47:42 PM
2026-05-22NextUpdated
$21.50
5/19/2026, 11:42:38 PM
2026-05-29
$19.50
5/19/2026, 11:42:38 PM
2026-06-05
$23.00
5/19/2026, 11:42:38 PM
2026-06-12
$22.00
5/19/2026, 11:42:38 PM
2026-06-18
$16.00
5/19/2026, 11:42:38 PM
2026-06-26
$22.50
5/19/2026, 11:42:38 PM
2026-07-17
$21.00
5/19/2026, 11:42:38 PM
2026-08-21
$19.00
5/19/2026, 11:42:38 PM
2026-09-18
$23.00
5/19/2026, 11:42:38 PM
2026-10-16
$23.00
5/19/2026, 11:42:38 PM
2026-11-20
$20.00
5/19/2026, 11:42:38 PM
2026-12-18
$15.00
5/19/2026, 11:42:38 PM
2027-01-15
$10.00
5/19/2026, 11:42:38 PM
2027-02-19
$15.00
5/19/2026, 11:42:38 PM
Selected expiration: 2026-05-22 at max pain $21.50.
WULF pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
95291950
95291950
7
1000
80331150
80332150
8
1900
72850750
72852650
9
4600
65370350
65374950
9.5
6400
61630200
61636600
10
8650
57890300
57898950
10.5
11650
54901450
54913100
11
14750
51913150
51927900
11.5
17950
48930000
48947950
12
21300
45947400
45968700
12.5
24800
42965650
42990450
13
28350
39986100
40014450
13.5
32050
37015700
37047750
14
35900
34051100
34087000
14.5
39800
31093600
31133400
15
43900
28140250
28184150
15.5
50400
25189700
25240100
16
58000
22271050
22329050
16.5
70000
19363150
19433150
17
84950
16548750
16633700
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.