This page reflects GM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — GM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $84.00 (0.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$84.00
Nearest expiry
Expected Move
±$1.98
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
21,273
Nearest expiry
Total Put OI
17,871
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$83.71
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$86.00
8/7/2026, 11:15:37 PM
2026-08-14
$86.00
8/14/2026, 11:19:28 PM
2026-08-21NextUpdated
$84.00
8/18/2026, 11:18:35 PM
2026-08-28
$84.00
8/18/2026, 11:18:35 PM
2026-09-04
$85.00
8/18/2026, 11:18:35 PM
2026-09-11
$87.00
8/18/2026, 11:18:35 PM
2026-09-18
$80.00
8/18/2026, 11:18:35 PM
2026-09-25
$86.00
8/18/2026, 11:18:35 PM
2026-10-02
$88.00
8/18/2026, 11:18:35 PM
2026-12-18
$70.00
8/18/2026, 11:18:35 PM
2027-01-15
$72.50
8/18/2026, 11:18:35 PM
2027-03-19
$70.00
8/18/2026, 11:18:35 PM
2027-06-17
$85.00
8/18/2026, 11:18:35 PM
Selected expiration: 2026-08-21 at max pain $84.00.
GM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
51015800
51015800
55
0
42095800
42095800
60
1000
33175800
33176800
65
2000
24956800
24958800
66
10700
23344000
23354700
67
19400
21731500
21750900
67.5
24400
20965500
20989900
68
29400
20202500
20231900
69
39600
18677200
18716800
70
49800
17154600
17204400
71
71200
15766300
15837500
72
92600
14386500
14479100
72.5
103450
13700750
13804200
73
114700
13029600
13144300
74
138700
11698800
11837500
75
163200
10393100
10556300
76
245200
9261900
9507100
77
346500
8143000
8489500
77.5
397200
7591000
7988200
78
467950
7064450
7532400
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.