This page reflects GWRE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — GWRE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $150.00 (2.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$12.20
±8.0%
Days to Expiry
14
Calendar days
Total Call OI
2,875
Nearest expiry
Total Put OI
2,941
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$152.15
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$135.00
8/21/2026, 11:17:16 PM
2026-09-18
$145.00
9/18/2026, 11:16:06 PM
2026-10-16NextUpdated
$150.00
10/2/2026, 11:13:13 PM
2026-11-20
$145.00
10/2/2026, 11:13:13 PM
2026-12-18
$170.00
10/2/2026, 11:13:13 PM
2027-01-15
$140.00
10/2/2026, 11:13:13 PM
2027-04-16
$150.00
10/2/2026, 11:13:13 PM
Selected expiration: 2026-10-16 at max pain $150.00.
GWRE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
19519000
19519000
65
0
18051000
18051000
70
0
16586500
16586500
75
0
15125500
15125500
80
0
13667000
13667000
85
0
12212000
12212000
90
0
10761000
10761000
95
0
9313500
9313500
100
0
7867500
7867500
105
500
6506500
6507000
110
1500
5150000
5151500
115
3500
3915500
3919000
120
10500
2706000
2716500
125
19500
2150500
2170000
130
31500
1636000
1667500
135
51000
1172000
1223000
140
101000
757500
858500
145
171500
399500
571000
150
274000
250500
524500
155
408500
144000
552500
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.