This page reflects GHM 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 — GHM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (35.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$14.15
±14.7%
Days to Expiry
29
Calendar days
Total Call OI
103
Nearest expiry
Total Put OI
54
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$95.98
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
$75.00
4/17/2026, 11:14:13 PM
2026-05-15
$95.00
5/15/2026, 11:17:44 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:11:42 PM
2026-09-18
$50.00
5/20/2026, 11:11:42 PM
Selected expiration: 2026-06-18 at max pain $60.00.
GHM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
203500
203500
50
0
105500
105500
55
16000
81000
97000
60
34500
56500
91000
65
59500
42000
101500
70
84500
27500
112000
75
109500
13000
122500
80
134500
4000
138500
85
170000
1500
171500
90
211000
500
211500
95
252000
0
252000
100
297500
0
297500
105
344500
0
344500
110
394500
0
394500
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.