This page reflects WWD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — WWD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $360.00 (3.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$31.50
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
244
Nearest expiry
Total Put OI
1,069
Nearest expiry
P/C OI Ratio
4.38
Put-heavy
Spot Price
$356.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$360.00
4/17/2026, 11:34:35 PM
2026-05-15
$380.00
5/15/2026, 11:45:10 PM
2026-06-18NextUpdated
$360.00
5/20/2026, 11:39:57 PM
2026-07-17
$330.00
5/20/2026, 11:39:57 PM
2026-10-16
$360.00
5/20/2026, 11:39:57 PM
2026-12-18
$360.00
5/20/2026, 11:39:57 PM
Selected expiration: 2026-06-18 at max pain $360.00.
WWD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
260
0
9396000
9396000
270
0
8331000
8331000
280
9000
7268000
7277000
290
18000
6207000
6225000
300
27000
5148000
5175000
310
36000
4107000
4143000
320
45000
3083000
3128000
330
54000
2111000
2165000
340
65000
1144000
1209000
350
76000
539000
615000
360
89000
13000
102000
370
132000
4000
136000
380
191000
0
191000
390
290000
0
290000
400
411000
0
411000
410
603000
0
603000
420
798000
0
798000
430
996000
0
996000
440
1235000
0
1235000
450
1476000
0
1476000
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.