This page reflects GPI 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 — GPI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $310.00 (59.99 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$3.75
±1.5%
Days to Expiry
3
Calendar days
Total Call OI
313
Nearest expiry
Total Put OI
234
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$250.01
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
$320.00
6/18/2026, 11:15:27 PM
2026-07-17
$320.00
7/17/2026, 11:19:54 PM
2026-08-21NextUpdated
$310.00
8/18/2026, 11:15:23 PM
2026-09-18
$290.00
8/18/2026, 11:15:23 PM
2026-10-16
$310.00
8/18/2026, 11:15:23 PM
2026-11-20
$290.00
8/18/2026, 11:15:23 PM
2027-01-15
$290.00
8/18/2026, 11:15:23 PM
Selected expiration: 2026-08-21 at max pain $310.00.
GPI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
2450500
2450500
185
0
2217500
2217500
190
0
2101000
2101000
195
0
1984500
1984500
200
500
1868000
1868500
210
1500
1635000
1636500
220
3500
1431000
1434500
230
5500
1227000
1232500
240
7500
1023000
1030500
250
9500
825000
834500
260
11500
639000
650500
270
14500
471000
485500
280
19500
325000
344500
290
38500
266000
304500
300
58500
213000
271500
310
94500
162000
256500
320
166500
113000
279500
330
241500
70000
311500
340
323500
30000
353500
350
409500
27000
436500
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.