This page reflects WY 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 — WY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $24.00 (0.76 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
±$1.47
±6.3%
Days to Expiry
29
Calendar days
Total Call OI
3,375
Nearest expiry
Total Put OI
2,398
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$23.24
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
$24.00
4/17/2026, 11:34:36 PM
2026-05-15
$24.00
5/15/2026, 11:46:25 PM
2026-06-18NextUpdated
$24.00
5/20/2026, 11:41:42 PM
2026-07-17
$26.00
5/20/2026, 11:41:42 PM
2026-10-16
$25.00
5/20/2026, 11:41:42 PM
2027-01-15
$25.00
5/20/2026, 11:41:42 PM
Selected expiration: 2026-06-18 at max pain $24.00.
WY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
808500
808500
21
2000
570000
572000
22
4200
339100
343300
23
11100
142300
153400
24
28400
20700
49100
25
88900
5100
94000
26
172900
100
173000
27
322000
0
322000
28
654000
0
654000
29
990000
0
990000
30
1326200
0
1326200
31
1663600
0
1663600
32
2001000
0
2001000
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.