This page reflects GGAL 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 — GGAL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.00 (0.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$4.40
±10.5%
Days to Expiry
29
Calendar days
Total Call OI
1,076
Nearest expiry
Total Put OI
1,672
Nearest expiry
P/C OI Ratio
1.55
Put-heavy
Spot Price
$42.02
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
$46.00
4/17/2026, 11:12:15 PM
2026-05-15
$44.00
5/15/2026, 11:16:10 PM
2026-06-18NextUpdated
$42.00
5/20/2026, 11:14:18 PM
2026-07-17
$45.00
5/20/2026, 11:14:18 PM
2026-10-16
$60.00
5/20/2026, 11:14:18 PM
2027-01-15
$55.00
5/20/2026, 11:14:18 PM
Selected expiration: 2026-06-18 at max pain $42.00.
GGAL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
33
0
838100
838100
34
0
681600
681600
35
0
525300
525300
36
1000
425400
426400
37
2000
330800
332800
38
3400
245500
248900
39
4800
170300
175100
40
6200
95200
101400
41
13000
66600
79600
42
25500
47800
73300
43
45500
39500
85000
44
71100
32700
103800
45
97400
27000
124400
46
134900
21500
156400
47
175600
16100
191700
48
233300
10700
244000
49
297100
5300
302400
50
368600
0
368600
55
874600
0
874600
60
1411600
0
1411600
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.