This page reflects GWRE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — GWRE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $125.00 (9.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$12.25
±9.1%
Days to Expiry
15
Calendar days
Total Call OI
2,572
Nearest expiry
Total Put OI
1,192
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$134.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$130.00
5/15/2026, 11:18:39 PM
2026-06-18
$125.00
6/18/2026, 11:16:16 PM
2026-07-17NextUpdated
$125.00
7/3/2026, 11:14:11 PM
2026-08-21
$110.00
7/3/2026, 11:14:11 PM
2026-09-18
$130.00
7/3/2026, 11:14:11 PM
2026-10-16
$135.00
7/3/2026, 11:14:11 PM
2026-12-18
$140.00
7/3/2026, 11:14:11 PM
2027-01-15
$125.00
7/3/2026, 11:14:11 PM
Selected expiration: 2026-07-17 at max pain $125.00.
GWRE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
7378500
7378500
70
0
6782500
6782500
75
0
6186500
6186500
80
1000
5590500
5591500
85
3000
5004500
5007500
90
13000
4427000
4440000
95
23000
3859000
3882000
100
33000
3301500
3334500
105
50000
2820500
2870500
110
77000
2375500
2452500
115
118000
2018000
2136000
120
188500
1700000
1888500
125
283000
1400500
1683500
130
564000
1119500
1683500
135
1014500
847000
1861500
140
1479000
589500
2068500
145
1977500
352500
2330000
150
2507500
121500
2629000
155
3204000
91000
3295000
160
3920500
62500
3983000
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.