This page reflects GFS 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 — GFS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (9.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$9.15
±13.1%
Days to Expiry
15
Calendar days
Total Call OI
41,833
Nearest expiry
Total Put OI
13,577
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$69.84
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
$55.00
5/15/2026, 11:17:27 PM
2026-06-18
$75.00
6/18/2026, 11:19:12 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:13:05 PM
2026-08-21
$85.00
7/3/2026, 11:13:05 PM
2026-10-16
$70.00
7/3/2026, 11:13:05 PM
2027-01-15
$55.00
7/3/2026, 11:13:05 PM
Selected expiration: 2026-07-17 at max pain $60.00.
GFS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
60412500
60412500
22.5
0
57069750
57069750
25
0
53733500
53733500
30
7000
47109500
47116500
35
15000
40572000
40587000
40
76000
34354500
34430500
45
3101500
28255500
31357000
50
6441500
22644000
29085500
55
10388000
17168000
27556000
60
14641500
11980000
26621500
65
19291500
8233000
27524500
70
24722500
5072000
29794500
75
30502000
2642000
33144000
80
36552000
1106000
37658000
85
43336000
367000
43703000
90
50659500
108500
50768000
95
58924500
23500
58948000
100
67969500
1000
67970500
105
83493000
0
83493000
110
102525000
0
102525000
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.