This page reflects WWW 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 — WWW
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (0.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.90
±12.4%
Days to Expiry
29
Calendar days
Total Call OI
6,096
Nearest expiry
Total Put OI
837
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$15.28
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
$17.50
4/17/2026, 11:34:14 PM
2026-05-15
$17.50
5/15/2026, 11:46:40 PM
2026-06-18NextUpdated
$15.00
5/20/2026, 11:40:38 PM
2026-09-18
$17.50
5/20/2026, 11:40:38 PM
2026-12-18
$17.50
5/20/2026, 11:40:38 PM
2027-01-15
$20.00
5/20/2026, 11:40:38 PM
Selected expiration: 2026-06-18 at max pain $15.00.
WWW pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
877750
877750
5
500
668500
669000
7.5
1250
466500
467750
10
2250
302000
304250
12.5
3250
154750
158000
15
6000
23250
29250
17.5
1468250
6500
1474750
20
2956500
5000
2961500
22.5
4480500
4000
4484500
25
6004500
3000
6007500
30
9052500
1500
9054000
35
12100500
0
12100500
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.