Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Cushman & Wakefield options about one week from expiration was $12.75. The chart above shows the exact max pain for each expiration date.

Cushman & Wakefield closed above its near-term max pain on 7 of the last 20 trading days. On Nov 4, 2026 it closed at $14.92, 17.0% above max pain of $12.75.

Over the last 20 trading days, near-term max pain for Cushman & Wakefield ranged from $4.21 to $13.19. It went from $12.52 on Oct 8, 2026 to $12.75 on Nov 4, 2026. See the CWK max pain history for a longer view.

Cushman & Wakefield is a global commercial real estate services firm providing leasing, capital markets, property management, and project management to occupiers, owners, and investors across property types including office, industrial, retail, and data centers.