This page reflects WY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — WY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (1.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.05
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
15,409
Nearest expiry
Total Put OI
4,484
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$23.79
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$24.00
5/15/2026, 11:46:25 PM
2026-06-18
$24.00
6/18/2026, 11:34:23 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:34:02 PM
2026-08-21
$24.00
7/3/2026, 11:34:02 PM
2026-10-16
$24.00
7/3/2026, 11:34:02 PM
2027-01-15
$25.00
7/3/2026, 11:34:02 PM
Selected expiration: 2026-07-17 at max pain $25.00.
WY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
4111900
4111900
15
0
3664200
3664200
17
0
2770200
2770200
18
0
2323800
2323800
19
1300
1877400
1878700
20
2700
1434700
1437400
21
6700
1049300
1056000
22
11400
679900
691300
23
23000
352000
375000
24
53200
177400
230600
25
126000
81500
207500
26
542100
12600
554700
27
1167100
0
1167100
28
1920000
0
1920000
29
2730500
0
2730500
30
3590700
0
3590700
31
4787900
0
4787900
32
5991200
0
5991200
33
7203100
0
7203100
34
8443100
0
8443100
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.