This page reflects GD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — GD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $370.00 (23.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$370.00
Nearest expiry
Expected Move
±$5.30
±1.4%
Days to Expiry
3
Calendar days
Total Call OI
2,548
Nearest expiry
Total Put OI
2,474
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$393.48
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$380.00
8/7/2026, 11:15:19 PM
2026-08-14
$385.00
8/14/2026, 11:15:08 PM
2026-08-21NextUpdated
$370.00
8/18/2026, 11:14:39 PM
2026-08-28
$370.00
8/18/2026, 11:14:39 PM
2026-09-04
$385.00
8/18/2026, 11:14:39 PM
2026-09-18
$340.00
8/18/2026, 11:14:39 PM
2026-09-25
$375.00
8/18/2026, 11:14:39 PM
2026-10-02
$390.00
8/18/2026, 11:14:39 PM
2026-11-20
$310.00
8/18/2026, 11:14:39 PM
2026-12-18
$350.00
8/18/2026, 11:14:39 PM
2027-01-15
$320.00
8/18/2026, 11:14:39 PM
2027-02-19
$360.00
8/18/2026, 11:14:39 PM
2027-03-19
$360.00
8/18/2026, 11:14:39 PM
2027-06-17
$390.00
8/18/2026, 11:14:39 PM
Selected expiration: 2026-08-21 at max pain $370.00.
GD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
29555250
29555250
230
0
22916250
22916250
240
0
20904250
20904250
250
0
18893250
18893250
260
0
16929250
16929250
270
0
15035250
15035250
280
1000
13147250
13148250
290
7000
11271250
11278250
300
13000
9459250
9472250
305
46000
8599250
8645250
310
79000
7754250
7833250
320
161000
6111250
6272250
330
257000
4663250
4920250
340
378000
3441250
3819250
345
443000
2884750
3327750
350
509000
2340250
2849250
355
687000
1948750
2635750
360
865500
1557250
2422750
365
1091000
1220750
2311750
370
1319500
885250
2204750
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.