Nearest listed expiration 2026-10-05 shows max pain at $385.00 (4.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$385.00
Nearest expiry
Expected Move
±$3.83
±1.0%
Days to Expiry
3
Calendar days
Total Call OI
10,211
Nearest expiry
Total Put OI
6,644
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$380.14
Published close
Consensus
4.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-05
Expiration
Max Pain Strike
Last Updated
2026-10-01
$385.00
10/1/2026, 11:14:24 PM
2026-10-02Updated
$385.00
10/2/2026, 11:15:32 PM
2026-10-05Next
$385.00
10/2/2026, 11:15:32 PM
2026-10-06
$385.00
10/2/2026, 11:15:32 PM
2026-10-07
$388.00
10/2/2026, 11:15:32 PM
2026-10-08
$392.00
10/2/2026, 11:15:32 PM
2026-10-09
$390.00
10/2/2026, 11:15:32 PM
2026-10-16
$400.00
10/2/2026, 11:15:32 PM
2026-10-23
$390.00
10/2/2026, 11:15:32 PM
2026-10-30
$390.00
10/2/2026, 11:15:32 PM
2026-11-06
$386.00
10/2/2026, 11:15:32 PM
2026-11-20
$400.00
10/2/2026, 11:15:32 PM
2026-12-18
$395.00
10/2/2026, 11:15:32 PM
2026-12-31
$403.00
10/2/2026, 11:15:32 PM
2027-01-15
$375.00
10/2/2026, 11:15:32 PM
2027-02-19
$405.00
10/2/2026, 11:15:32 PM
2027-03-19
$400.00
10/2/2026, 11:15:32 PM
2027-03-31
$400.00
10/2/2026, 11:15:32 PM
2027-06-17
$390.00
10/2/2026, 11:15:32 PM
2027-06-30
$400.00
10/2/2026, 11:15:32 PM
2027-09-17
$400.00
10/2/2026, 11:15:32 PM
Selected expiration: 2026-10-05 at max pain $385.00.
GLD pain by strike for 2026-10-05 expiration
Strike
Call Pain
Put Pain
Total Pain
285
0
58886800
58886800
290
0
55566300
55566300
295
0
52248800
52248800
300
0
48933800
48933800
305
0
45633300
45633300
310
0
42334800
42334800
315
0
39038300
39038300
320
0
35743800
35743800
325
0
32456800
32456800
330
0
29176300
29176300
335
0
25909300
25909300
340
0
22649300
22649300
345
0
19395300
19395300
350
0
16151300
16151300
355
0
12977300
12977300
360
0
9827800
9827800
365
0
6842800
6842800
370
0
4547800
4547800
375
0
2355300
2355300
376
0
2023000
2023000
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.