This page reflects GSL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — GSL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (0.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$1.73
±3.8%
Days to Expiry
14
Calendar days
Total Call OI
1,367
Nearest expiry
Total Put OI
941
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$45.79
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$43.00
8/21/2026, 11:15:05 PM
2026-09-18
$44.00
9/18/2026, 11:16:36 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:15:38 PM
2026-11-20
$44.00
10/2/2026, 11:15:38 PM
2026-12-18
$40.00
10/2/2026, 11:15:38 PM
2027-03-19
$42.00
10/2/2026, 11:15:38 PM
Selected expiration: 2026-10-16 at max pain $45.00.
GSL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
799900
799900
37
200
611700
611900
38
300
517700
518000
40
500
330100
330600
41
700
243600
244300
42
900
158200
159100
43
2200
92400
94600
44
3600
37100
40700
45
10500
4300
14800
46
38700
0
38700
47
79000
0
79000
48
135700
0
135700
49
258800
0
258800
50
389700
0
389700
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.