This page reflects GM 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 — GM
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $75.00 (1.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$1.85
±2.4%
Days to Expiry
2
Calendar days
Total Call OI
8,148
Nearest expiry
Total Put OI
6,653
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$76.14
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$76.00
5/8/2026, 11:14:04 PM
2026-05-15
$77.00
5/15/2026, 11:18:20 PM
2026-05-22NextUpdated
$75.00
5/20/2026, 11:13:47 PM
2026-05-29
$72.00
5/20/2026, 11:13:47 PM
2026-06-05
$75.00
5/20/2026, 11:13:47 PM
2026-06-12
$76.00
5/20/2026, 11:13:47 PM
2026-06-18
$72.50
5/20/2026, 11:13:47 PM
2026-06-26
$74.00
5/20/2026, 11:13:47 PM
2026-07-17
$72.50
5/20/2026, 11:13:47 PM
2026-09-18
$75.00
5/20/2026, 11:13:47 PM
2026-12-18
$70.00
5/20/2026, 11:13:47 PM
2027-01-15
$70.00
5/20/2026, 11:13:47 PM
2027-03-19
$77.50
5/20/2026, 11:13:47 PM
Selected expiration: 2026-05-22 at max pain $75.00.
GM pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
17546000
17546000
50
1000
14228000
14229000
55
3000
10911500
10914500
60
5000
7595500
7600500
64
7400
4963900
4971300
65
10500
4308100
4318600
66
16100
3659900
3676000
67
21700
3020100
3041800
68
27400
2448500
2475900
69
33200
1883200
1916400
70
55600
1353800
1409400
71
79400
877600
957000
72
107200
574000
681200
73
151000
391200
542200
74
226200
251000
477200
75
318500
138000
456500
76
475700
65800
541500
77
668400
30100
698500
78
1116300
8400
1124700
79
1607800
900
1608700
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.