This page reflects GGAL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — GGAL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $48.00 (5.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$48.00
Nearest expiry
Expected Move
±$2.65
±6.3%
Days to Expiry
3
Calendar days
Total Call OI
3,295
Nearest expiry
Total Put OI
5,001
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$42.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$47.00
6/18/2026, 11:14:04 PM
2026-07-17
$50.00
7/17/2026, 11:14:06 PM
2026-08-21NextUpdated
$48.00
8/18/2026, 11:15:03 PM
2026-09-18
$45.00
8/18/2026, 11:15:03 PM
2026-10-16
$50.00
8/18/2026, 11:15:03 PM
2027-01-15
$55.00
8/18/2026, 11:15:03 PM
Selected expiration: 2026-08-21 at max pain $48.00.
GGAL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
735000
735000
41
500
508900
509400
42
1000
325300
326300
43
1500
229700
231200
44
2000
163800
165800
45
2600
118200
120800
46
4800
78100
82900
47
15000
43100
58100
48
27100
21400
48500
49
39200
10100
49300
50
53800
500
54300
55
209800
0
209800
60
635300
0
635300
65
1289300
0
1289300
70
2767800
0
2767800
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.