Greenbrier Companies, Inc. (TheClose $48.00EOD only
Max Pain
$47.50
Next expiry Jun 18, 2026
Expected Move
±$3.80
7.9% from close
Price Gap
-0.50
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.37
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects GBX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — GBX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $47.50 (0.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$3.80
±7.9%
Days to Expiry
29
Calendar days
Total Call OI
852
Nearest expiry
Total Put OI
309
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$48.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$50.00
4/17/2026, 11:12:44 PM
2026-05-15
$50.00
5/15/2026, 11:15:03 PM
2026-06-18NextUpdated
$47.50
5/20/2026, 11:15:42 PM
2026-09-18
$50.00
5/20/2026, 11:15:42 PM
2026-12-18
$35.00
5/20/2026, 11:15:42 PM
Selected expiration: 2026-06-18 at max pain $47.50.
GBX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
563500
563500
25
0
486750
486750
27.5
0
411750
411750
30
0
337250
337250
32.5
0
275000
275000
35
250
215000
215250
37.5
2000
155000
157000
40
4750
103750
108500
42.5
7500
61250
68750
45
11500
32750
44250
47.5
15500
9250
24750
50
26750
6250
33000
52.5
48250
3250
51500
55
91000
1000
92000
57.5
262500
750
263250
60
457000
500
457500
62.5
668500
250
668750
65
881250
0
881250
67.5
1094000
0
1094000
70
1306750
0
1306750
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.