This page reflects GRAL 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 — GRAL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $85.00 (58.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$16.50
±11.5%
Days to Expiry
14
Calendar days
Total Call OI
13,095
Nearest expiry
Total Put OI
19,111
Nearest expiry
P/C OI Ratio
1.46
Put-heavy
Spot Price
$143.26
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
$70.00
8/21/2026, 11:15:44 PM
2026-09-18
$75.00
9/18/2026, 11:15:09 PM
2026-10-16NextUpdated
$85.00
10/2/2026, 11:15:21 PM
2026-11-20
$105.00
10/2/2026, 11:15:21 PM
2027-01-15
$65.00
10/2/2026, 11:15:21 PM
2027-04-16
$105.00
10/2/2026, 11:15:21 PM
Selected expiration: 2026-10-16 at max pain $85.00.
GRAL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
81947000
81947000
25
9000
77198000
77207000
30
65000
67747000
67812000
35
124000
58363500
58487500
40
197000
50121000
50318000
45
336500
42029000
42365500
50
491000
34270000
34761000
55
688000
26930500
27618500
60
905000
20624000
21529000
65
1137500
16795000
17932500
70
1432000
13130000
14562000
75
1996500
10129000
12125500
80
2853500
7811000
10664500
85
4718000
5671000
10389000
90
7265000
3954000
11219000
95
10794000
3120000
13914000
100
14388500
2410000
16798500
105
19098000
1820500
20918500
110
23984500
1382000
25366500
115
29065000
1039000
30104000
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.