This page reflects GGAL 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 — GGAL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (14.11 above 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
±$3.10
±8.6%
Days to Expiry
14
Calendar days
Total Call OI
10,093
Nearest expiry
Total Put OI
11,957
Nearest expiry
P/C OI Ratio
1.18
Put-heavy
Spot Price
$35.89
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
$47.00
8/21/2026, 11:16:19 PM
2026-09-18
$45.00
9/18/2026, 11:13:52 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:14:03 PM
2026-11-20
$40.00
10/2/2026, 11:14:03 PM
2027-01-15
$45.00
10/2/2026, 11:14:03 PM
2027-04-16
$50.00
10/2/2026, 11:14:03 PM
Selected expiration: 2026-10-16 at max pain $50.00.
GGAL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
22902800
22902800
30
500
16924300
16924800
35
1000
12115300
12116300
36
3200
11202700
11205900
37
9300
10301400
10310700
38
18500
9424500
9443000
39
31200
8582000
8613200
40
43900
7787300
7831200
41
67700
7089700
7157400
42
92300
6392800
6485100
43
134500
5869100
6003600
44
185700
5352800
5538500
45
244400
4837600
5082000
46
322600
4592600
4915200
47
405500
4349300
4754800
48
511000
4106100
4617100
49
618600
3863600
4482200
50
728900
3622000
4350900
55
2689900
2414500
5104400
60
5843400
1207000
7050400
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.