This page reflects GRFS 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 — GRFS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (0.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.38
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
1,572
Nearest expiry
Total Put OI
1,310
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$7.75
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
$8.00
6/18/2026, 11:16:04 PM
2026-07-17
$6.00
7/17/2026, 11:16:23 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:17:21 PM
2026-11-20
$7.00
8/18/2026, 11:17:21 PM
2026-12-18
$8.00
8/18/2026, 11:17:21 PM
2027-02-19
$9.00
8/18/2026, 11:17:21 PM
Selected expiration: 2026-08-21 at max pain $8.00.
GRFS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
789800
789800
2
0
658900
658900
3
0
530200
530200
5
0
276200
276200
6
0
149300
149300
7
0
23600
23600
8
10200
200
10400
9
99400
100
99500
10
231200
0
231200
11
386500
0
386500
12
542600
0
542600
13
699400
0
699400
14
856600
0
856600
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.