This page reflects GPI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — GPI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $280.00 (30.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$18.20
±7.3%
Days to Expiry
14
Calendar days
Total Call OI
273
Nearest expiry
Total Put OI
482
Nearest expiry
P/C OI Ratio
1.77
Put-heavy
Spot Price
$249.84
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$310.00
8/21/2026, 11:16:40 PM
2026-09-18
$260.00
9/18/2026, 11:16:03 PM
2026-10-16NextUpdated
$280.00
10/2/2026, 11:14:29 PM
2026-11-20
$280.00
10/2/2026, 11:14:29 PM
2027-01-15
$280.00
10/2/2026, 11:14:29 PM
2027-04-16
$390.00
10/2/2026, 11:14:29 PM
Selected expiration: 2026-10-16 at max pain $280.00.
GPI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
5092500
5092500
160
0
4856000
4856000
165
0
4619500
4619500
175
1000
4146500
4147500
180
1500
3910000
3911500
185
2000
3673500
3675500
190
3000
3437000
3440000
195
4000
3204500
3208500
200
5000
2977000
2982000
210
7000
2531000
2538000
220
9000
2093000
2102000
230
11000
1665000
1676000
240
13000
1260000
1273000
250
21000
860000
881000
260
53000
619000
672000
270
89000
419000
508000
280
169000
219000
388000
290
255000
178000
433000
300
344000
140000
484000
310
450000
102000
552000
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.