Granite Construction IncorporatClose $124.42EOD only
Max Pain
$120.00
Next expiry Aug 21, 2026
Expected Move
±$4.70
3.8% from close
Price Gap
-4.42
Distance to max pain
IV Rank
20
Low premium
P/C OI
0.91
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects GVA 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 — GVA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (4.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$4.70
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
414
Nearest expiry
Total Put OI
626
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$124.42
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
$130.00
6/18/2026, 11:13:03 PM
2026-07-17
$125.00
7/17/2026, 11:11:22 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:15:59 PM
2026-09-18
$120.00
8/18/2026, 11:15:59 PM
2026-11-20
$65.00
8/18/2026, 11:15:59 PM
2026-12-18
$145.00
8/18/2026, 11:15:59 PM
2027-03-19
$145.00
8/18/2026, 11:15:59 PM
Selected expiration: 2026-08-21 at max pain $120.00.
GVA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
2823500
2823500
70
5000
2510500
2515500
75
10000
2198000
2208000
80
22500
1885500
1908000
85
35000
1574000
1609000
90
47500
1263000
1310500
95
60000
952500
1012500
100
73000
642000
715000
105
86000
332000
418000
110
101000
222500
323500
115
116500
126000
242500
120
134000
33000
167000
125
155500
23000
178500
130
288500
13500
302000
135
433500
9000
442500
140
611000
6000
617000
145
790000
3000
793000
150
972500
2000
974500
155
1155500
1000
1156500
160
1349500
0
1349500
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.