This page reflects GPCR 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 — GPCR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (3.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.40
±10.1%
Days to Expiry
3
Calendar days
Total Call OI
1,281
Nearest expiry
Total Put OI
434
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$53.53
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
$40.00
6/18/2026, 11:15:19 PM
2026-07-17
$45.00
7/17/2026, 11:18:28 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:14:01 PM
2026-09-18
$45.00
8/18/2026, 11:14:01 PM
2026-10-16
$30.00
8/18/2026, 11:14:01 PM
2026-12-18
$40.00
8/18/2026, 11:14:01 PM
2027-01-15
$35.00
8/18/2026, 11:14:01 PM
Selected expiration: 2026-08-21 at max pain $50.00.
GPCR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
940500
940500
35
5000
506500
511500
37.5
6250
399000
405250
40
7500
296750
304250
42.5
9000
195250
204250
45
12000
122500
134500
47.5
25250
71750
97000
50
45750
33250
79000
52.5
92000
13000
105000
55
167500
5000
172500
57.5
343750
2500
346250
60
559250
0
559250
62.5
811250
0
811250
65
1071500
0
1071500
70
1635000
0
1635000
75
2247000
0
2247000
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.