(WIP)
Max Pain By Strike
WIP trades at $39.05, 2.8% above the near-term max pain of $38 expiring Sep 19, 2025 (8 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($38-$42), signaling increased put positioning or downside protection. Key magnetic zone at 38 where 2 expirations converge.
Max Pain By Expiry
Max pain for WIP shows a downward trend from 42 to 38, indicating bearish sentiment or hedging activity. The 10% spread suggests strong consensus on fair value. Levels distributed around 39.05. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 38 | -1.05 (-2.69%) |
| Oct 17, 2025 | 38 | -1.05 (-2.69%) |
| Jan 16, 2026 | 42 | 2.95 (7.55%) |
| Apr 17, 2026 | 42 | 2.95 (7.55%) |