This page reflects GPCR 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 — GPCR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $37.50 (0.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$5.85
±15.9%
Days to Expiry
29
Calendar days
Total Call OI
741
Nearest expiry
Total Put OI
362
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$36.87
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
$45.00
4/17/2026, 11:15:20 PM
2026-05-15
$45.00
5/15/2026, 11:17:52 PM
2026-06-18NextUpdated
$37.50
5/20/2026, 11:13:29 PM
2026-07-17
$50.00
5/20/2026, 11:13:29 PM
2026-10-16
$30.00
5/20/2026, 11:13:29 PM
2026-12-18
$45.00
5/20/2026, 11:13:29 PM
2027-01-15
$35.00
5/20/2026, 11:13:29 PM
Selected expiration: 2026-06-18 at max pain $37.50.
GPCR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
312750
312750
32.5
1250
231000
232250
35
2500
153750
156250
37.5
6750
95750
102500
40
60000
51750
111750
42.5
118750
33750
152500
45
187000
21500
208500
47.5
284000
13500
297500
50
385750
5500
391250
52.5
512250
2750
515000
55
639000
0
639000
57.5
783500
0
783500
60
928000
0
928000
62.5
1088000
0
1088000
65
1248250
0
1248250
70
1578750
0
1578750
75
1930250
0
1930250
80
2281750
0
2281750
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.