This page reflects GCT 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 — GCT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (1.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.65
±11.0%
Days to Expiry
15
Calendar days
Total Call OI
4,385
Nearest expiry
Total Put OI
1,912
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$33.21
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$45.00
5/15/2026, 11:13:53 PM
2026-06-18
$35.00
6/18/2026, 11:14:34 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:14:56 PM
2026-08-21
$35.00
7/3/2026, 11:14:56 PM
2026-10-16
$40.00
7/3/2026, 11:14:56 PM
2026-11-20
$35.00
7/3/2026, 11:14:56 PM
2027-01-15
$17.50
7/3/2026, 11:14:56 PM
Selected expiration: 2026-07-17 at max pain $35.00.
GCT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
3247000
3247000
17.5
750
2769000
2769750
20
1500
2291000
2292500
22.5
5000
1813000
1818000
25
13750
1369000
1382750
30
51750
564000
615750
35
121250
208000
329250
40
429750
23000
452750
45
947250
0
947250
50
1620750
0
1620750
55
2498750
0
2498750
60
3486750
0
3486750
65
4552750
0
4552750
70
6740250
0
6740250
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.