This page reflects GMED 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 — GMED
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (6.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$2.52
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
5,065
Nearest expiry
Total Put OI
1,484
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$86.44
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
2026-06-18
$80.00
6/18/2026, 11:14:39 PM
2026-07-17
$75.00
7/17/2026, 11:17:48 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:15:07 PM
2026-09-18
$85.00
8/18/2026, 11:15:07 PM
2026-12-18
$75.00
8/18/2026, 11:15:07 PM
2027-03-19
$85.00
8/18/2026, 11:15:07 PM
Selected expiration: 2026-08-21 at max pain $80.00.
GMED pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
3447250
3447250
55
0
2706250
2706250
65
0
1225250
1225250
67.5
0
856000
856000
70
0
591000
591000
72.5
0
334000
334000
75
500
245250
245750
77.5
5000
164500
169500
80
35000
91500
126500
82.5
179000
61750
240750
85
446500
38000
484500
87.5
1498750
17500
1516250
90
2567750
1000
2568750
95
4764750
0
4764750
100
7294250
0
7294250
110
12355250
0
12355250
115
14886250
0
14886250
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.