This page reflects GH 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 — GH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $90.00 (24.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$7.25
±6.3%
Days to Expiry
29
Calendar days
Total Call OI
1,551
Nearest expiry
Total Put OI
678
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$114.97
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
$80.00
4/17/2026, 11:12:19 PM
2026-05-15
$85.00
5/15/2026, 11:14:26 PM
2026-06-18NextUpdated
$90.00
5/20/2026, 11:14:15 PM
2026-07-17
$90.00
5/20/2026, 11:14:15 PM
2026-10-16
$100.00
5/20/2026, 11:14:15 PM
2027-01-15
$60.00
5/20/2026, 11:14:15 PM
Selected expiration: 2026-06-18 at max pain $90.00.
GH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1616500
1616500
55
0
1278000
1278000
60
0
941500
941500
65
1500
613500
615000
70
3000
471000
474000
75
7000
343500
350500
80
11000
227500
238500
85
17500
129500
147000
90
29500
55500
85000
95
101000
11000
112000
100
199000
0
199000
105
390000
0
390000
110
609000
0
609000
115
943500
0
943500
120
1606500
0
1606500
125
2276500
0
2276500
130
3051500
0
3051500
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.