This page reflects GPI 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 — GPI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $330.00 (41.61 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$330.00
Nearest expiry
Expected Move
±$10.50
±3.6%
Days to Expiry
15
Calendar days
Total Call OI
263
Nearest expiry
Total Put OI
397
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$288.39
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
$350.00
5/15/2026, 11:18:32 PM
2026-06-18
$320.00
6/18/2026, 11:15:27 PM
2026-07-17NextUpdated
$330.00
7/3/2026, 11:13:49 PM
2026-08-21
$340.00
7/3/2026, 11:13:49 PM
2026-10-16
$350.00
7/3/2026, 11:13:49 PM
2026-11-20
$300.00
7/3/2026, 11:13:49 PM
2027-01-15
$360.00
7/3/2026, 11:13:49 PM
Selected expiration: 2026-07-17 at max pain $330.00.
GPI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
5846000
5846000
195
7000
4456500
4463500
200
8000
4258000
4266000
210
12000
3861000
3873000
220
17000
3464000
3481000
230
24000
3074000
3098000
240
31000
2690000
2721000
250
38000
2308000
2346000
260
45000
1930000
1975000
270
52000
1554000
1606000
280
59000
1183000
1242000
290
66000
816000
882000
300
73000
457000
530000
310
82000
281000
363000
320
97000
122000
219000
330
128000
14000
142000
340
165000
10000
175000
350
207000
6000
213000
360
287000
2000
289000
370
477000
1000
478000
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.