W&T Offshore Inc. (WTI)
W&T Offshore Max Pain By Strike
WTI trades at $1.75, 16.7% above the near-term max pain of $1.5 expiring Sep 19, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($0.5-$2), reflecting growing call interest at higher strikes. Key magnetic zone at 2 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
W&T Offshore Max Pain By Expiry
Max pain for WTI shows an upward trend from 0.5 to 2, suggesting bullish positioning in longer-dated options. The 109% spread signals divergent expectations across timeframes. Most levels below 1.75 may cap rallies. Strong magnetic level at 2 (3 expirations). 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 | 1.5 | -0.25 (-14.04%) |
| Oct 17, 2025 | 2 | 0.25 (14.61%) |
| Jan 16, 2026 | 1.5 | -0.25 (-14.04%) |
| Apr 17, 2026 | 0.5 | -1.25 (-71.35%) |