This page reflects GMED 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 — GMED
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (0.97 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$6.60
±7.8%
Days to Expiry
29
Calendar days
Total Call OI
1,619
Nearest expiry
Total Put OI
1,127
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$84.03
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$87.50
4/17/2026, 11:14:33 PM
2026-05-15
$85.00
5/15/2026, 11:18:16 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:12:28 PM
2026-09-18
$80.00
5/20/2026, 11:12:28 PM
2026-12-18
$50.00
5/20/2026, 11:12:28 PM
Selected expiration: 2026-06-18 at max pain $85.00.
GMED pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
3910750
3910750
47.5
7500
3629000
3636500
52.5
22500
3070500
3093000
55
30000
2792500
2822500
57.5
37500
2516250
2553750
60
45250
2240250
2285500
62.5
55000
1964250
2019250
65
65000
1689000
1754000
67.5
75750
1413750
1489500
70
88250
1138500
1226750
72.5
115750
905500
1021250
75
144750
707750
852500
77.5
181250
525750
707000
80
227250
362250
589500
82.5
287750
237250
525000
85
354000
139750
493750
87.5
503750
54250
558000
90
665000
8000
673000
92.5
863750
1000
864750
95
1077750
0
1077750
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.