This page reflects GTLB 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 — GTLB
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $21.50 (5.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.50
Nearest expiry
Expected Move
±$0.75
±2.8%
Days to Expiry
2
Calendar days
Total Call OI
3,286
Nearest expiry
Total Put OI
746
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$26.70
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$22.50
5/8/2026, 11:17:07 PM
2026-05-15
$23.00
5/15/2026, 11:14:29 PM
2026-05-22NextUpdated
$21.50
5/20/2026, 11:15:25 PM
2026-05-29
$23.00
5/20/2026, 11:15:25 PM
2026-06-05
$22.50
5/20/2026, 11:15:25 PM
2026-06-12
$23.50
5/20/2026, 11:15:25 PM
2026-06-18
$25.00
5/20/2026, 11:15:25 PM
2026-06-26
$23.50
5/20/2026, 11:15:25 PM
2026-07-17
$25.00
5/20/2026, 11:15:25 PM
2026-08-21
$27.50
5/20/2026, 11:15:25 PM
2026-09-18
$22.50
5/20/2026, 11:15:25 PM
2026-10-16
$25.00
5/20/2026, 11:15:25 PM
2026-12-18
$27.50
5/20/2026, 11:15:25 PM
2027-01-15
$35.00
5/20/2026, 11:15:25 PM
Selected expiration: 2026-05-22 at max pain $21.50.
GTLB pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
824250
824250
12
2400
749850
752250
13
7100
675450
682550
14
12600
601050
613650
14.5
15500
563850
579350
15
18700
526650
545350
16
26100
452250
478350
16.5
29850
415050
444900
17
33750
377850
411600
17.5
37650
341000
378650
18
41800
304350
346150
18.5
55400
268200
323600
19
69050
232700
301750
19.5
91950
200550
292500
20
115050
170950
286000
20.5
138200
143800
282000
21
161600
117900
279500
21.5
185050
94200
279250
22
210100
72450
282550
22.5
238350
55350
293700
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.