This page reflects GPN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — GPN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (0.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$6.28
±8.9%
Days to Expiry
29
Calendar days
Total Call OI
7,211
Nearest expiry
Total Put OI
7,534
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$70.78
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$70.00
4/17/2026, 11:13:19 PM
2026-05-15
$70.00
5/15/2026, 11:16:39 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:13:22 PM
2026-07-17
$70.00
5/20/2026, 11:13:22 PM
2026-08-21
$65.00
5/20/2026, 11:13:22 PM
2026-09-18
$80.00
5/20/2026, 11:13:22 PM
2026-11-20
$70.00
5/20/2026, 11:13:22 PM
2026-12-18
$75.00
5/20/2026, 11:13:22 PM
2027-01-15
$85.00
5/20/2026, 11:13:22 PM
2027-03-19
$85.00
5/20/2026, 11:13:22 PM
Selected expiration: 2026-06-18 at max pain $70.00.
GPN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
25020500
25020500
40
500
21263500
21264000
45
3000
17507500
17510500
50
11500
13762000
13773500
55
21500
10048500
10070000
60
37000
6401000
6438000
62.5
48750
4635500
4684250
65
60500
2973250
3033750
67.5
105750
1849000
1954750
70
152250
741000
893250
72.5
877000
495250
1372250
75
1637750
258500
1896250
77.5
2632500
189750
2822250
80
3697500
121000
3818500
85
6073500
49500
6123000
90
8632500
10000
8642500
95
11574000
7500
11581500
100
14548000
5000
14553000
105
18095500
2500
18098000
110
21657500
0
21657500
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.