This page reflects GEO 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 — GEO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $17.00 (6.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$2.60
±11.2%
Days to Expiry
29
Calendar days
Total Call OI
30,541
Nearest expiry
Total Put OI
12,783
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$23.23
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$15.00
4/17/2026, 11:14:04 PM
2026-05-15
$18.00
5/15/2026, 11:17:08 PM
2026-06-18NextUpdated
$17.00
5/20/2026, 11:13:00 PM
2026-07-17
$19.00
5/20/2026, 11:13:00 PM
2026-08-21
$18.00
5/20/2026, 11:13:00 PM
2026-09-18
$15.00
5/20/2026, 11:13:00 PM
2026-11-20
$19.00
5/20/2026, 11:13:00 PM
2026-12-18
$19.00
5/20/2026, 11:13:00 PM
2027-01-15
$15.00
5/20/2026, 11:13:00 PM
Selected expiration: 2026-06-18 at max pain $17.00.
GEO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
17106900
17106900
5
800
14550300
14551100
6
1300
13272000
13273300
7
2000
11994100
11996100
8
2700
10716200
10718900
9
3400
9438300
9441700
10
5200
8162300
8167500
11
10800
6892100
6902900
12
19300
5624300
5643600
13
33300
4459100
4492400
14
54100
3732400
3786500
15
270500
3087600
3358100
16
594900
2490600
3085500
17
1008200
1902300
2910500
18
1593300
1372900
2966200
19
2446800
917100
3363900
20
3461500
467200
3928700
21
4856700
282400
5139100
22
6381000
214000
6595000
23
8062500
168600
8231100
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.