This page reflects GPGI 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 — GPGI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (2.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.80
±6.4%
Days to Expiry
3
Calendar days
Total Call OI
145
Nearest expiry
Total Put OI
128
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$12.52
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
$15.00
6/18/2026, 11:19:37 PM
2026-07-17
$15.00
7/17/2026, 11:18:32 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:15:34 PM
2026-09-18
$12.50
8/18/2026, 11:15:34 PM
2026-12-18
$10.00
8/18/2026, 11:15:34 PM
2027-03-19
$10.00
8/18/2026, 11:15:34 PM
Selected expiration: 2026-08-21 at max pain $15.00.
GPGI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
170250
170250
5
5250
138250
143500
7.5
12500
106250
118750
10
21250
74250
95500
12.5
30250
42750
73000
15
44250
14000
58250
17.5
73250
4000
77250
20
109500
2250
111750
22.5
145750
750
146500
25
182000
0
182000
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.