This page reflects GTX 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 — GTX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (3.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$2.10
±7.5%
Days to Expiry
3
Calendar days
Total Call OI
1,229
Nearest expiry
Total Put OI
134
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$27.91
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
$18.00
6/18/2026, 11:19:53 PM
2026-07-17
$21.00
7/17/2026, 11:16:54 PM
2026-08-21NextUpdated
$24.00
8/18/2026, 11:15:55 PM
2026-09-18
$31.00
8/18/2026, 11:15:55 PM
2026-10-16
$29.00
8/18/2026, 11:15:55 PM
2026-11-20
$12.00
8/18/2026, 11:15:55 PM
2026-12-18
$20.00
8/18/2026, 11:15:55 PM
2027-01-15
$20.00
8/18/2026, 11:15:55 PM
2027-03-19
$25.00
8/18/2026, 11:15:55 PM
2027-04-16
$26.00
8/18/2026, 11:15:55 PM
2027-05-21
$20.00
8/18/2026, 11:15:55 PM
Selected expiration: 2026-08-21 at max pain $24.00.
GTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
232900
232900
13
0
192700
192700
14
0
179400
179400
15
0
166200
166200
16
0
153100
153100
17
0
140000
140000
18
0
127200
127200
19
0
114500
114500
20
0
102100
102100
21
900
91100
92000
22
2300
80100
82400
23
6100
69200
75300
24
10100
58300
68400
25
22300
50700
73000
26
34700
43500
78200
27
47100
36800
83900
28
59800
30700
90500
29
72900
25200
98100
30
96500
20300
116800
31
122100
16700
138800
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.