This page reflects GPC 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 — GPC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (0.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$6.62
±7.0%
Days to Expiry
29
Calendar days
Total Call OI
1,958
Nearest expiry
Total Put OI
906
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$94.97
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
$95.00
4/17/2026, 11:13:44 PM
2026-05-15
$105.00
5/15/2026, 11:16:19 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:11:37 PM
2026-07-17
$95.00
5/20/2026, 11:11:37 PM
2026-08-21
$110.00
5/20/2026, 11:11:37 PM
2026-11-20
$105.00
5/20/2026, 11:11:37 PM
2026-12-18
$105.00
5/20/2026, 11:11:37 PM
2027-01-15
$105.00
5/20/2026, 11:11:37 PM
Selected expiration: 2026-06-18 at max pain $95.00.
GPC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
2624000
2624000
75
0
2176500
2176500
80
0
1730000
1730000
85
500
1302500
1303000
90
1000
908000
909000
95
2500
634500
637000
100
369500
407500
777000
105
773500
249000
1022500
110
1220500
138500
1359000
115
1767000
73500
1840500
120
2484500
30500
2515000
125
3288500
9000
3297500
130
4123500
4500
4128000
135
4974500
0
4974500
140
5861500
0
5861500
145
6805000
0
6805000
150
7758000
0
7758000
155
8711000
0
8711000
160
9664000
0
9664000
165
10639500
0
10639500
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.