Gates Industrial Corporation plClose $24.18EOD only
Max Pain
$25.00
Next expiry Jun 18, 2026
Expected Move
±$0.95
3.9% from close
Price Gap
+0.82
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.45
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — GTES
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $25.00 (0.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$0.95
±3.9%
Days to Expiry
29
Calendar days
Total Call OI
101
Nearest expiry
Total Put OI
3,215
Nearest expiry
P/C OI Ratio
31.83
Put-heavy
Spot Price
$24.18
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
$23.00
4/17/2026, 11:15:21 PM
2026-05-15
$23.00
5/15/2026, 11:18:01 PM
2026-06-18NextUpdated
$25.00
5/20/2026, 11:13:33 PM
2026-08-21
$24.00
5/20/2026, 11:13:33 PM
2026-11-20
$24.00
5/20/2026, 11:13:33 PM
2027-01-15
$25.00
5/20/2026, 11:13:33 PM
Selected expiration: 2026-06-18 at max pain $25.00.
GTES pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
21
0
1208300
1208300
22
100
886800
886900
23
500
571400
571900
24
900
257200
258100
25
1300
5000
6300
26
4600
3300
7900
27
8800
2000
10800
28
15000
1000
16000
29
24600
500
25100
30
34300
0
34300
34
74300
0
74300
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.