This page reflects GPN 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 — GPN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (10.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$2.85
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
13,436
Nearest expiry
Total Put OI
27,030
Nearest expiry
P/C OI Ratio
2.01
Put-heavy
Spot Price
$90.37
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
$70.00
6/18/2026, 11:16:08 PM
2026-07-17
$72.50
7/17/2026, 11:14:29 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:18:49 PM
2026-09-18
$82.50
8/18/2026, 11:18:49 PM
2026-10-16
$80.00
8/18/2026, 11:18:49 PM
2026-11-20
$75.00
8/18/2026, 11:18:49 PM
2026-12-18
$77.50
8/18/2026, 11:18:49 PM
2027-01-15
$85.00
8/18/2026, 11:18:49 PM
2027-02-19
$75.00
8/18/2026, 11:18:49 PM
2027-03-19
$70.00
8/18/2026, 11:18:49 PM
2027-06-17
$80.00
8/18/2026, 11:18:49 PM
Selected expiration: 2026-08-21 at max pain $80.00.
GPN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
67344000
67344000
40
0
53829500
53829500
45
500
40315500
40316000
50
1000
26807000
26808000
55
3000
21160500
21163500
60
5000
15905500
15910500
62.5
38250
13372750
13411000
65
75250
10951500
11026750
67.5
236000
8871000
9107000
70
416750
6957750
7374500
72.5
623250
5126500
5749750
75
963250
3619250
4582500
77.5
1453000
2358500
3811500
80
2068750
1254000
3322750
85
3683750
217500
3901250
90
5868750
34500
5903250
95
9984250
0
9984250
100
15091750
0
15091750
105
20612750
0
20612750
110
27313750
0
27313750
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.