This page reflects GD 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 — GD
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $340.00 (0.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$4.97
±1.5%
Days to Expiry
2
Calendar days
Total Call OI
463
Nearest expiry
Total Put OI
331
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$339.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$345.00
5/8/2026, 11:13:32 PM
2026-05-15
$332.50
5/15/2026, 11:15:36 PM
2026-05-22NextUpdated
$340.00
5/20/2026, 11:15:28 PM
2026-05-29
$345.00
5/20/2026, 11:15:28 PM
2026-06-05
$340.00
5/20/2026, 11:15:28 PM
2026-06-12
$340.00
5/20/2026, 11:15:28 PM
2026-06-18
$330.00
5/20/2026, 11:15:28 PM
2026-06-26
$345.00
5/20/2026, 11:15:28 PM
2026-07-17
$340.00
5/20/2026, 11:15:28 PM
2026-08-21
$300.00
5/20/2026, 11:15:28 PM
2026-09-18
$320.00
5/20/2026, 11:15:28 PM
2026-11-20
$350.00
5/20/2026, 11:15:28 PM
2026-12-18
$330.00
5/20/2026, 11:15:28 PM
2027-01-15
$300.00
5/20/2026, 11:15:28 PM
2027-03-19
$350.00
5/20/2026, 11:15:28 PM
Selected expiration: 2026-05-22 at max pain $340.00.
GD pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
275
0
1755500
1755500
295
0
1097500
1097500
300
0
933500
933500
305
0
770500
770500
310
1000
608000
609000
315
5000
447500
452500
317.5
7750
380000
387750
320
10500
312750
323250
325
16500
208750
225250
327.5
21000
160750
181750
330
25500
115750
141250
332.5
31750
89750
121500
335
38000
66500
104500
337.5
47500
49250
96750
340
58500
33250
91750
342.5
75000
23000
98000
345
93750
15750
109500
347.5
125750
10500
136250
350
157750
6250
164000
352.5
215750
4000
219750
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.