This page reflects WWW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — WWW
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (3.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.25
±6.0%
Days to Expiry
2
Calendar days
Total Call OI
325
Nearest expiry
Total Put OI
1,062
Nearest expiry
P/C OI Ratio
3.27
Put-heavy
Spot Price
$20.85
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
$15.00
6/18/2026, 11:38:35 PM
2026-07-17
$20.00
7/17/2026, 11:40:13 PM
2026-08-21NextUpdated
$17.50
8/19/2026, 11:43:50 PM
2026-09-18
$17.50
8/19/2026, 11:43:50 PM
2026-12-18
$17.50
8/19/2026, 11:43:50 PM
2027-01-15
$22.50
8/19/2026, 11:43:50 PM
Selected expiration: 2026-08-21 at max pain $17.50.
WWW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1325500
1325500
5
250
1060000
1060250
7.5
1250
795250
796500
10
2500
532000
534500
12.5
3750
277250
281000
15
5000
53000
58000
17.5
17500
7500
25000
20
69500
500
70000
22.5
137750
250
138000
25
214500
0
214500
30
376500
0
376500
35
539000
0
539000
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.