Gates Industrial Corporation plClose $27.13EOD only
Max Pain
$26.00
Next expiry Aug 21, 2026
Expected Move
±$0.78
2.9% from close
Price Gap
-1.13
Distance to max pain
IV Rank
22
Low premium
P/C OI
1.21
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects GTES 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 — GTES
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $26.00 (1.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$0.78
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
10,179
Nearest expiry
Total Put OI
11,955
Nearest expiry
P/C OI Ratio
1.17
Put-heavy
Spot Price
$27.13
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
$25.00
6/18/2026, 11:14:15 PM
2026-07-17
$27.00
7/17/2026, 11:20:16 PM
2026-08-21NextUpdated
$26.00
8/18/2026, 11:16:06 PM
2026-09-18
$28.00
8/18/2026, 11:16:06 PM
2026-11-20
$30.00
8/18/2026, 11:16:06 PM
2027-01-15
$28.00
8/18/2026, 11:16:06 PM
Selected expiration: 2026-08-21 at max pain $26.00.
GTES pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
14499800
14499800
15
0
13304300
13304300
17
0
10913300
10913300
18
0
9718300
9718300
19
0
8525300
8525300
20
0
7333500
7333500
21
0
6142000
6142000
22
900
4953500
4954400
23
2300
3765500
3767800
24
9400
2579600
2589000
25
155200
1669300
1824500
26
473500
789300
1262800
27
1037800
399000
1436800
28
1638100
13700
1651800
29
2529500
4600
2534100
30
3432000
500
3432500
31
4419800
300
4420100
32
5421000
100
5421100
33
6433000
0
6433000
34
7446400
0
7446400
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.