This page reflects GFI 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 — GFI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (0.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.08
±8.7%
Days to Expiry
15
Calendar days
Total Call OI
12,334
Nearest expiry
Total Put OI
3,900
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$35.46
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$45.00
5/15/2026, 11:17:11 PM
2026-06-18
$40.00
6/18/2026, 11:18:12 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:13:06 PM
2026-08-21
$35.00
7/3/2026, 11:13:06 PM
2026-09-18
$40.00
7/3/2026, 11:13:06 PM
2026-10-16
$35.00
7/3/2026, 11:13:06 PM
2027-01-15
$40.00
7/3/2026, 11:13:06 PM
2027-03-19
$40.00
7/3/2026, 11:13:06 PM
Selected expiration: 2026-07-17 at max pain $35.00.
GFI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
6621600
6621600
25
500
4671600
4672100
26
900
4282500
4283400
27
1300
3893400
3894700
28
1700
3504300
3506000
29
3100
3115200
3118300
30
4500
2726200
2730700
31
7400
2444400
2451800
32
18100
2162600
2180700
33
28800
1881200
1910000
34
39500
1599900
1639400
35
50200
1318700
1368900
36
350000
1118700
1468700
37
675200
919300
1594500
38
1000700
721900
1722600
39
1327800
525400
1853200
40
1655600
329100
1984700
41
2251200
253700
2504900
42
2846900
198600
3045500
43
3443100
152100
3595200
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.