This page reflects GRAL 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 — GRAL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (0.89 above 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
±$7.85
±11.4%
Days to Expiry
15
Calendar days
Total Call OI
4,072
Nearest expiry
Total Put OI
3,162
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$69.11
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
$50.00
5/15/2026, 11:17:06 PM
2026-06-18
$60.00
6/18/2026, 11:15:34 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:13:58 PM
2026-08-21
$70.00
7/3/2026, 11:13:58 PM
2026-10-16
$40.00
7/3/2026, 11:13:58 PM
2027-01-15
$50.00
7/3/2026, 11:13:58 PM
Selected expiration: 2026-07-17 at max pain $70.00.
GRAL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
13592750
13592750
25
1000
12803000
12804000
30
12500
11223500
11236000
35
24000
9663000
9687000
40
38500
8140500
8179000
45
53000
6679500
6732500
50
206000
5279500
5485500
55
447500
4010500
4458000
60
736500
2896000
3632500
65
1100000
1877500
2977500
70
1687500
1183500
2871000
75
2511500
794000
3305500
80
3592000
443500
4035500
85
4832500
108500
4941000
90
6487500
69000
6556500
95
8179000
45000
8224000
100
9926500
35000
9961500
105
11745500
26000
11771500
110
13574000
17000
13591000
115
15458000
8000
15466000
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.