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 W.P. Carey options about one week from expiration was $64.75. The chart above shows the exact max pain for each expiration date.

W.P. Carey closed above its near-term max pain on 4 of the last 20 trading days. On Nov 4, 2026 it closed at $65.38, 1.0% above max pain of $64.75.

Over the last 20 trading days, near-term max pain for W.P. Carey ranged from $64.51 to $69.12. It went from $65.00 on Oct 8, 2026 to $64.75 on Nov 4, 2026. See the WPC max pain history for a longer view.

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