This page reflects GSL 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 — GSL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.00 (1.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$1.52
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
4,062
Nearest expiry
Total Put OI
1,820
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$43.22
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
$38.00
6/18/2026, 11:14:58 PM
2026-07-17
$38.00
7/17/2026, 11:15:06 PM
2026-08-21NextUpdated
$42.00
8/18/2026, 11:19:50 PM
2026-09-18
$39.00
8/18/2026, 11:19:50 PM
2026-12-18
$39.00
8/18/2026, 11:19:50 PM
2027-03-19
$38.00
8/18/2026, 11:19:50 PM
Selected expiration: 2026-08-21 at max pain $42.00.
GSL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1691500
1691500
31
0
1510200
1510200
32
0
1329200
1329200
33
0
1149300
1149300
34
100
971100
971200
35
200
798400
798600
36
1100
633200
634300
37
2300
479700
482000
38
5900
332800
338700
39
11800
206900
218700
40
20900
114800
135700
41
46100
56700
102800
42
79100
18300
97400
43
134700
8600
143300
44
218700
3200
221900
45
321900
1000
322900
46
526400
900
527300
47
832200
800
833000
48
1138800
700
1139500
55
3982200
0
3982200
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.