This page reflects GXO 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 — GXO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $50.00 (2.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$4.05
±8.5%
Days to Expiry
29
Calendar days
Total Call OI
465
Nearest expiry
Total Put OI
11,435
Nearest expiry
P/C OI Ratio
24.59
Put-heavy
Spot Price
$47.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$50.00
4/17/2026, 11:18:00 PM
2026-05-15
$50.00
5/15/2026, 11:18:50 PM
2026-06-18NextUpdated
$50.00
5/20/2026, 11:15:00 PM
2026-07-17
$50.00
5/20/2026, 11:15:00 PM
2026-08-21
$50.00
5/20/2026, 11:15:00 PM
2026-10-16
$50.00
5/20/2026, 11:15:00 PM
2026-11-20
$55.00
5/20/2026, 11:15:00 PM
2027-01-15
$35.00
5/20/2026, 11:15:00 PM
2027-02-19
$52.50
5/20/2026, 11:15:00 PM
Selected expiration: 2026-06-18 at max pain $50.00.
GXO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
10495500
10495500
37.5
500
7659500
7660000
40
1000
4914750
4915750
42.5
2000
2758500
2760500
45
3250
1312750
1316000
47.5
9000
49250
58250
50
20250
14500
34750
52.5
42750
4000
46750
55
98500
0
98500
57.5
193000
0
193000
60
291750
0
291750
62.5
393750
0
393750
65
496750
0
496750
70
726750
0
726750
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.