This page reflects GIL 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 — GIL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $57.50 (0.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.50
Nearest expiry
Expected Move
±$4.38
±7.7%
Days to Expiry
29
Calendar days
Total Call OI
759
Nearest expiry
Total Put OI
135
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$57.15
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
$55.00
4/17/2026, 11:14:00 PM
2026-05-15
$57.50
5/15/2026, 11:16:14 PM
2026-06-18NextUpdated
$57.50
5/20/2026, 11:13:24 PM
2026-07-17
$57.50
5/20/2026, 11:13:24 PM
2026-09-18
$65.00
5/20/2026, 11:13:24 PM
2026-12-18
$52.50
5/20/2026, 11:13:24 PM
Selected expiration: 2026-06-18 at max pain $57.50.
GIL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
348250
348250
32.5
0
314750
314750
40
0
215000
215000
42.5
0
181750
181750
45
1500
148500
150000
47.5
3000
115750
118750
50
4500
83750
88250
52.5
6000
55250
61250
55
7500
29000
36500
57.5
10000
15500
25500
60
15750
10250
26000
62.5
110000
5750
115750
65
239000
1250
240250
67.5
374750
0
374750
70
520750
0
520750
72.5
669750
0
669750
75
829750
0
829750
77.5
1019500
0
1019500
80
1209250
0
1209250
85
1588750
0
1588750
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.