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 Wintrust Financial options about one week from expiration was $141.94. The chart above shows the exact max pain for each expiration date.

Wintrust Financial closed above its near-term max pain on 20 of the last 20 trading days. On Nov 4, 2026 it closed at $156.19, 10.0% above max pain of $141.94.

Over the last 20 trading days, near-term max pain for Wintrust Financial ranged from $138.59 to $145.17. It went from $139.94 on Oct 8, 2026 to $141.94 on Nov 4, 2026. See the WTFC max pain history for a longer view.

Wintrust Financial Corp is a financial holding company that provides community-oriented, personal, and commercial banking services to customers generally located in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and western Michigan.