This page reflects GL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — GL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $165.00 (15.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$5.35
±3.0%
Days to Expiry
15
Calendar days
Total Call OI
838
Nearest expiry
Total Put OI
362
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$180.49
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
$140.00
5/15/2026, 11:13:36 PM
2026-06-18
$145.00
6/18/2026, 11:13:37 PM
2026-07-17NextUpdated
$165.00
7/3/2026, 11:13:29 PM
2026-08-21
$160.00
7/3/2026, 11:13:29 PM
2026-11-20
$145.00
7/3/2026, 11:13:29 PM
2027-01-15
$90.00
7/3/2026, 11:13:29 PM
Selected expiration: 2026-07-17 at max pain $165.00.
GL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
1366500
1366500
140
20000
1014500
1034500
145
30000
840500
870500
150
55500
667500
723000
155
96000
529000
625000
160
152500
392000
544500
165
225000
265000
490000
170
371500
145500
517000
175
562000
34500
596500
180
821500
0
821500
185
1212000
0
1212000
190
1620500
0
1620500
200
2457500
0
2457500
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.