This page reflects GFI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — GFI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (9.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.75
±7.7%
Days to Expiry
14
Calendar days
Total Call OI
12,698
Nearest expiry
Total Put OI
13,925
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$35.62
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$35.00
8/21/2026, 11:07:47 PM
2026-09-18
$45.00
9/18/2026, 11:16:15 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:14:12 PM
2026-11-20
$35.00
10/2/2026, 11:14:12 PM
2027-01-15
$45.00
10/2/2026, 11:14:12 PM
2027-03-19
$40.00
10/2/2026, 11:14:12 PM
2027-04-16
$30.00
10/2/2026, 11:14:12 PM
Selected expiration: 2026-10-16 at max pain $45.00.
GFI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
23910500
23910500
25
2000
16958000
16960000
30
5500
10213500
10219000
35
31000
5124000
5155000
40
639000
1716500
2355500
45
1575500
2500
1578000
50
4654500
0
4654500
55
10062500
0
10062500
60
16305500
0
16305500
65
22597500
0
22597500
70
28902500
0
28902500
75
35251000
0
35251000
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.