This page reflects GCT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — GCT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (3.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.08
±9.4%
Days to Expiry
14
Calendar days
Total Call OI
4,370
Nearest expiry
Total Put OI
1,778
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$53.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$50.00
8/21/2026, 11:16:12 PM
2026-09-18
$55.00
9/18/2026, 11:13:54 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:14:13 PM
2026-11-20
$50.00
10/2/2026, 11:14:13 PM
2027-01-15
$20.00
10/2/2026, 11:14:13 PM
2027-04-16
$45.00
10/2/2026, 11:14:13 PM
Selected expiration: 2026-10-16 at max pain $50.00.
GCT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
4528500
4528500
20
250
4084500
4084750
22.5
500
3644500
3645000
25
750
3204500
3205250
30
8250
2355500
2363750
35
51250
1618500
1669750
40
114250
957500
1071750
45
271250
429500
700750
50
484250
26000
510250
55
896250
9500
905750
60
2146750
1500
2148250
65
4098750
0
4098750
70
6183750
0
6183750
75
8367250
0
8367250
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.