This page reflects GAP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — GAP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $21.50 (2.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.50
Nearest expiry
Expected Move
±$0.35
±1.8%
Days to Expiry
8
Calendar days
Total Call OI
1,526
Nearest expiry
Total Put OI
2,605
Nearest expiry
P/C OI Ratio
1.71
Put-heavy
Spot Price
$19.25
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$21.00
6/26/2026, 11:14:45 PM
2026-07-02
$20.00
7/2/2026, 11:15:01 PM
2026-07-10NextUpdated
$21.50
7/3/2026, 11:12:21 PM
2026-07-17
$19.00
7/3/2026, 11:12:21 PM
2026-07-24
$22.00
7/3/2026, 11:12:21 PM
2026-07-31
$21.00
7/3/2026, 11:12:21 PM
2026-08-07
$20.00
7/3/2026, 11:12:21 PM
2026-08-21
$21.00
7/3/2026, 11:12:21 PM
2026-09-18
$21.00
7/3/2026, 11:12:21 PM
2026-12-18
$22.00
7/3/2026, 11:12:21 PM
2027-01-15
$25.00
7/3/2026, 11:12:21 PM
2027-03-19
$23.00
7/3/2026, 11:12:21 PM
2027-06-17
$25.00
7/3/2026, 11:12:21 PM
Selected expiration: 2026-07-10 at max pain $21.50.
GAP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
1265400
1265400
16
700
1005400
1006100
17
1700
745600
747300
17.5
2550
619550
622100
18
3400
497200
500600
18.5
4250
393750
398000
19
5100
312050
317150
19.5
5950
234000
239950
20
6800
159600
166400
20.5
13400
100050
113450
21
23100
52550
75650
21.5
36500
31700
68200
22
58000
18100
76100
22.5
84450
8250
92700
23
113500
2300
115800
23.5
157600
1100
158700
24
205450
800
206250
24.5
256000
600
256600
25
315550
400
315950
25.5
387100
250
387350
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.