This page reflects GXO 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 — GXO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (1.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.75
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
10,327
Nearest expiry
Total Put OI
5,232
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$46.56
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
$47.50
8/21/2026, 11:16:03 PM
2026-09-18
$42.50
9/18/2026, 11:16:12 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:14:47 PM
2026-11-20
$42.50
10/2/2026, 11:14:47 PM
2027-01-15
$40.00
10/2/2026, 11:14:47 PM
2027-02-19
$45.00
10/2/2026, 11:14:47 PM
2027-04-16
$35.00
10/2/2026, 11:14:47 PM
Selected expiration: 2026-10-16 at max pain $45.00.
GXO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
8021000
8021000
30
0
5436500
5436500
32.5
250
4162000
4162250
35
750
2887500
2888250
37.5
1250
1613000
1614250
40
2000
379250
381250
42.5
7750
160500
168250
45
35500
60250
95750
47.5
829500
13250
842750
50
1652000
1250
1653250
52.5
2571250
1000
2572250
55
3523000
750
3523750
57.5
6001500
500
6002000
60
8525750
250
8526000
62.5
11083500
0
11083500
65
13650250
0
13650250
67.5
16220500
0
16220500
70
18794750
0
18794750
72.5
21381000
0
21381000
75
23970000
0
23970000
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.