This page reflects GRND 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 — GRND
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.00 (1.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.33
±10.1%
Days to Expiry
29
Calendar days
Total Call OI
508
Nearest expiry
Total Put OI
124
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$13.11
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
$12.00
4/17/2026, 11:15:19 PM
2026-05-15
$12.00
5/15/2026, 11:18:45 PM
2026-06-18NextUpdated
$12.00
5/20/2026, 11:13:34 PM
2026-07-17
$8.00
5/20/2026, 11:13:34 PM
2026-08-21
$12.00
5/20/2026, 11:13:34 PM
2026-11-20
$13.00
5/20/2026, 11:13:34 PM
2027-01-15
$10.00
5/20/2026, 11:13:34 PM
Selected expiration: 2026-06-18 at max pain $12.00.
GRND pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
91600
91600
8
200
66800
67000
9
300
54500
54800
10
400
42300
42700
11
500
30600
31100
12
2300
20300
22600
13
29600
11400
41000
14
58200
4400
62600
15
93400
2900
96300
16
136300
1500
137800
17
184100
500
184600
18
233600
100
233700
19
283200
0
283200
20
333000
0
333000
21
383800
0
383800
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.