This page reflects GPCR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — GPCR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $47.50 (5.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$5.65
±10.6%
Days to Expiry
15
Calendar days
Total Call OI
3,495
Nearest expiry
Total Put OI
1,284
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$53.45
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$45.00
5/15/2026, 11:17:52 PM
2026-06-18
$40.00
6/18/2026, 11:15:19 PM
2026-07-17NextUpdated
$47.50
7/3/2026, 11:15:32 PM
2026-08-21
$40.00
7/3/2026, 11:15:32 PM
2026-10-16
$30.00
7/3/2026, 11:15:32 PM
2026-12-18
$40.00
7/3/2026, 11:15:32 PM
2027-01-15
$35.00
7/3/2026, 11:15:32 PM
Selected expiration: 2026-07-17 at max pain $47.50.
GPCR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
3988000
3988000
20
0
3670000
3670000
22.5
1250
3353500
3354750
25
2500
3037000
3039500
27.5
5000
2748750
2753750
30
8250
2461500
2469750
32.5
14750
2205750
2220500
35
28750
1953000
1981750
37.5
45750
1711500
1757250
40
73500
1489500
1563000
42.5
119000
1284000
1403000
45
185500
1097000
1282500
47.5
322500
924750
1247250
50
530000
755750
1285750
52.5
839000
630500
1469500
55
1166000
507000
1673000
57.5
1554000
390000
1944000
60
1948250
333500
2281750
62.5
2403500
282250
2685750
65
2862500
240250
3102750
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.