This page reflects WY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — WY
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $22.00 (3.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.95
±5.1%
Days to Expiry
11
Calendar days
Total Call OI
8,014
Nearest expiry
Total Put OI
4,496
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$18.49
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$24.00
8/21/2026, 11:36:24 PM
2026-09-18
$24.00
9/18/2026, 11:35:30 PM
2026-10-16NextUpdated
$22.00
10/5/2026, 11:36:17 PM
2026-11-20
$18.00
10/5/2026, 11:36:17 PM
2026-12-18
$20.00
10/5/2026, 11:36:17 PM
2027-01-15
$24.00
10/5/2026, 11:36:17 PM
2027-04-16
$18.00
10/5/2026, 11:36:17 PM
2027-07-16
$20.00
10/5/2026, 11:36:17 PM
Selected expiration: 2026-10-16 at max pain $22.00.
WY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2816000
2816000
16
200
2366400
2366600
17
400
1917700
1918100
18
40600
1469800
1510400
19
86900
1029700
1116600
20
142400
727600
870000
21
251100
474700
725800
22
377300
291400
668700
23
670400
167800
838200
24
1038800
72500
1111300
25
1488700
36500
1525200
26
1989500
30000
2019500
27
2565800
23500
2589300
28
3309300
17000
3326300
29
4078200
10500
4088700
30
4858200
4000
4862200
31
5653700
0
5653700
32
6454900
0
6454900
33
7256100
0
7256100
34
8057300
0
8057300
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.