This page reflects GH 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 — GH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $155.00 (5.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$6.03
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
3,681
Nearest expiry
Total Put OI
5,579
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$160.12
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
$115.00
6/18/2026, 11:15:14 PM
2026-07-17
$130.00
7/17/2026, 11:17:10 PM
2026-08-21NextUpdated
$155.00
8/18/2026, 11:14:56 PM
2026-09-18
$170.00
8/18/2026, 11:14:56 PM
2026-10-16
$125.00
8/18/2026, 11:14:56 PM
2027-01-15
$95.00
8/18/2026, 11:14:56 PM
2027-03-19
$160.00
8/18/2026, 11:14:56 PM
Selected expiration: 2026-08-21 at max pain $155.00.
GH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
32818000
32818000
80
1000
30028500
30029500
85
3000
27239000
27242000
90
5500
24449500
24455000
100
10500
18880500
18891000
105
18500
16131000
16149500
110
27500
13430000
13457500
115
39500
10988000
11027500
120
52000
8564000
8616000
125
72500
6164500
6237000
130
108500
3878500
3987000
135
166500
3001500
3168000
140
308500
2278500
2587000
145
477500
1627500
2105000
150
713500
1056000
1769500
155
1025000
562000
1587000
160
1438000
300500
1738500
165
1969500
185000
2154500
170
2549500
84000
2633500
175
3377000
11500
3388500
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.