This page reflects WWD 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 — WWD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $400.00 (33.80 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$11.65
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
1,214
Nearest expiry
Total Put OI
1,282
Nearest expiry
P/C OI Ratio
1.06
Put-heavy
Spot Price
$366.20
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
$370.00
6/18/2026, 11:39:02 PM
2026-07-17
$360.00
7/17/2026, 11:35:38 PM
2026-08-21NextUpdated
$400.00
8/18/2026, 11:41:21 PM
2026-09-18
$360.00
8/18/2026, 11:41:21 PM
2026-10-16
$380.00
8/18/2026, 11:41:21 PM
2026-12-18
$360.00
8/18/2026, 11:41:21 PM
2027-01-15
$300.00
8/18/2026, 11:41:21 PM
Selected expiration: 2026-08-21 at max pain $400.00.
WWD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
10701000
10701000
290
6000
9438000
9444000
300
16000
8191000
8207000
310
27000
6956000
6983000
320
38000
5740000
5778000
330
49000
4553000
4602000
340
60000
3420000
3480000
350
71000
2369000
2440000
360
160000
1828000
1988000
370
251000
1307000
1558000
380
366000
858000
1224000
390
523000
433000
956000
400
716000
198000
914000
410
974000
24000
998000
420
1375000
2000
1377000
430
1839000
1000
1840000
440
2316000
0
2316000
450
3199000
0
3199000
460
4135000
0
4135000
470
5146000
0
5146000
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.