This page reflects GPC 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 — GPC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (11.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$4.08
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
14,787
Nearest expiry
Total Put OI
5,613
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$131.89
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
$95.00
6/18/2026, 11:16:01 PM
2026-07-17
$100.00
7/17/2026, 11:18:21 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:18:44 PM
2026-09-18
$120.00
8/18/2026, 11:18:44 PM
2026-11-20
$115.00
8/18/2026, 11:18:44 PM
2026-12-18
$115.00
8/18/2026, 11:18:44 PM
2027-01-15
$100.00
8/18/2026, 11:18:44 PM
2027-02-19
$130.00
8/18/2026, 11:18:44 PM
2027-03-19
$115.00
8/18/2026, 11:18:44 PM
2027-06-17
$100.00
8/18/2026, 11:18:44 PM
Selected expiration: 2026-08-21 at max pain $120.00.
GPC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
29077000
29077000
65
0
26272000
26272000
70
0
23467500
23467500
75
0
20675500
20675500
80
0
17895500
17895500
85
0
15126000
15126000
90
0
12422500
12422500
95
0
9919000
9919000
100
34500
7530500
7565000
105
121000
5243000
5364000
110
265500
3908500
4174000
115
506000
2616000
3122000
120
1037500
1560000
2597500
125
2267500
636500
2904000
130
4785000
29500
4814500
135
8494500
13000
8507500
140
14229500
4000
14233500
145
20601500
0
20601500
150
27008000
0
27008000
155
34377000
0
34377000
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.