This page reflects GSL 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 — GSL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $38.00 (0.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.00
Nearest expiry
Expected Move
±$1.55
±4.1%
Days to Expiry
15
Calendar days
Total Call OI
1,838
Nearest expiry
Total Put OI
1,070
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$38.11
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
$39.00
5/15/2026, 11:15:25 PM
2026-06-18
$38.00
6/18/2026, 11:14:58 PM
2026-07-17NextUpdated
$38.00
7/3/2026, 11:14:13 PM
2026-08-21
$38.00
7/3/2026, 11:14:13 PM
2026-09-18
$37.00
7/3/2026, 11:14:13 PM
2026-12-18
$35.00
7/3/2026, 11:14:13 PM
Selected expiration: 2026-07-17 at max pain $38.00.
GSL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
781800
781800
32
200
567800
568000
33
400
460800
461200
34
600
357200
357800
35
1000
258000
259000
36
1500
167300
168800
37
12600
87600
100200
38
36100
31500
67600
39
84600
9100
93700
40
146700
3700
150400
41
249500
1700
251200
42
392300
400
392700
43
553000
100
553100
44
721400
0
721400
45
895200
0
895200
46
1069300
0
1069300
47
1247900
0
1247900
48
1431500
0
1431500
49
1615200
0
1615200
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.