This page reflects WY 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 — WY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (0.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.05
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
5,849
Nearest expiry
Total Put OI
4,759
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$23.61
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
$24.00
6/18/2026, 11:34:23 PM
2026-07-17
$24.00
7/17/2026, 11:37:54 PM
2026-08-21NextUpdated
$24.00
8/18/2026, 11:38:20 PM
2026-09-18
$25.00
8/18/2026, 11:38:20 PM
2026-10-16
$24.00
8/18/2026, 11:38:20 PM
2027-01-15
$25.00
8/18/2026, 11:38:20 PM
Selected expiration: 2026-08-21 at max pain $24.00.
WY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
3340600
3340600
17
200
2864900
2865100
18
600
2389200
2389800
19
1600
1913600
1915200
20
2600
1438500
1441100
21
27400
976500
1003900
22
53100
520900
574000
23
81200
107900
189100
24
127500
11200
138700
25
215300
800
216100
26
439100
400
439500
27
740200
300
740500
28
1303600
200
1303800
29
1887700
100
1887800
30
2472200
0
2472200
31
3057100
0
3057100
33
4226900
0
4226900
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.