This page reflects GEMI 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 — GEMI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $5.00 (0.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.57
±13.6%
Days to Expiry
8
Calendar days
Total Call OI
1,472
Nearest expiry
Total Put OI
759
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$4.23
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$4.50
6/26/2026, 11:13:56 PM
2026-07-02
$4.50
7/2/2026, 11:14:12 PM
2026-07-10NextUpdated
$5.00
7/3/2026, 11:13:12 PM
2026-07-17
$5.00
7/3/2026, 11:13:12 PM
2026-07-24
$4.00
7/3/2026, 11:13:12 PM
2026-07-31
$5.00
7/3/2026, 11:13:12 PM
2026-08-07
$4.00
7/3/2026, 11:13:12 PM
2026-08-21
$5.00
7/3/2026, 11:13:12 PM
2026-10-16
$5.00
7/3/2026, 11:13:12 PM
2027-01-15
$5.00
7/3/2026, 11:13:12 PM
Selected expiration: 2026-07-10 at max pain $5.00.
GEMI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
252550
252550
2
1800
176650
178450
3
3700
100850
104550
3.5
5250
62950
68200
4
6800
38650
45450
4.5
13100
19800
32900
5
25200
6700
31900
5.5
86000
5300
91300
6
149000
3950
152950
6.5
220450
2850
223300
7
292450
1850
294300
7.5
365800
1250
367050
8
439150
700
439850
8.5
512500
350
512850
9
585850
200
586050
10
732850
0
732850
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.