This page reflects GSAT 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 — GSAT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (2.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$2.47
±3.0%
Days to Expiry
29
Calendar days
Total Call OI
10,830
Nearest expiry
Total Put OI
3,968
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$82.45
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
$65.00
4/17/2026, 11:14:59 PM
2026-05-15
$75.00
5/15/2026, 11:17:22 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:14:41 PM
2026-07-17
$65.00
5/20/2026, 11:14:41 PM
2026-10-16
$80.00
5/20/2026, 11:14:41 PM
2027-01-15
$35.00
5/20/2026, 11:14:41 PM
2027-03-19
$75.00
5/20/2026, 11:14:41 PM
Selected expiration: 2026-06-18 at max pain $80.00.
GSAT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
14540750
14540750
45
0
12557750
12557750
55
1000
8601750
8602750
60
2000
6623750
6625750
65
15000
4655250
4670250
70
30000
2692750
2722750
75
59000
939750
998750
77.5
143250
135000
278250
80
227750
8500
236250
82.5
502750
3000
505750
85
911000
0
911000
87.5
1862750
0
1862750
90
2890750
0
2890750
95
6646750
0
6646750
100
11262250
0
11262250
105
16624750
0
16624750
110
21988250
0
21988250
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.