This page reflects GHRS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 6, 2026 close
Max Pain — GHRS
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (6.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.50
±9.6%
Days to Expiry
11
Calendar days
Total Call OI
727
Nearest expiry
Total Put OI
43
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$26.17
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$20.00
5/15/2026, 11:14:21 PM
2026-06-18
$20.00
6/18/2026, 11:15:35 PM
2026-07-17NextUpdated
$20.00
7/6/2026, 11:13:34 PM
2026-08-21
$25.00
7/6/2026, 11:13:34 PM
2026-10-16
$20.00
7/6/2026, 11:13:34 PM
2027-01-15
$20.00
7/6/2026, 11:13:34 PM
Selected expiration: 2026-07-17 at max pain $20.00.
GHRS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
65500
65500
5
250
54750
55000
7.5
500
44000
44500
10
750
34000
34750
12.5
1250
24250
25500
15
2000
19000
21000
17.5
3750
14000
17750
20
7250
9500
16750
22.5
24000
5000
29000
25
42000
500
42500
30
109000
0
109000
35
177500
0
177500
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.