This page reflects GFS 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 — GFS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (0.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$4.08
±8.1%
Days to Expiry
14
Calendar days
Total Call OI
26,650
Nearest expiry
Total Put OI
15,008
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$50.17
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
$50.00
8/21/2026, 11:15:01 PM
2026-09-18
$45.00
9/18/2026, 11:14:46 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:14:57 PM
2026-11-20
$50.00
10/2/2026, 11:14:57 PM
2027-01-15
$50.00
10/2/2026, 11:14:57 PM
2027-03-19
$45.00
10/2/2026, 11:14:57 PM
2027-04-16
$45.00
10/2/2026, 11:14:57 PM
2027-06-17
$45.00
10/2/2026, 11:14:57 PM
2027-09-17
$55.00
10/2/2026, 11:14:57 PM
Selected expiration: 2026-10-16 at max pain $50.00.
GFS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
34425250
34425250
25
0
30693000
30693000
30
0
23241500
23241500
35
28500
16104000
16132500
40
73500
9418000
9491500
45
337000
4607000
4944000
50
821000
2083000
2904000
55
4593000
938000
5531000
60
12157500
263500
12421000
65
21963500
214000
22177500
70
32277000
175000
32452000
75
43523000
136000
43659000
80
55075000
102000
55177000
85
66946000
68000
67014000
90
79400500
34000
79434500
95
92069500
0
92069500
100
105266500
0
105266500
105
119247500
0
119247500
110
133259500
0
133259500
115
147316500
0
147316500
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.