This page reflects GXO 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 — GXO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $47.50 (0.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$1.48
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
18,622
Nearest expiry
Total Put OI
29,359
Nearest expiry
P/C OI Ratio
1.58
Put-heavy
Spot Price
$46.63
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
$47.50
6/18/2026, 11:16:52 PM
2026-07-17
$50.00
7/17/2026, 11:18:59 PM
2026-08-21NextUpdated
$47.50
8/18/2026, 11:16:11 PM
2026-09-18
$47.50
8/18/2026, 11:16:11 PM
2026-10-16
$47.50
8/18/2026, 11:16:11 PM
2026-11-20
$45.00
8/18/2026, 11:16:11 PM
2027-01-15
$37.50
8/18/2026, 11:16:11 PM
2027-02-19
$45.00
8/18/2026, 11:16:11 PM
Selected expiration: 2026-08-21 at max pain $47.50.
GXO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
40459500
40459500
32.5
0
33130000
33130000
35
0
26419500
26419500
37.5
0
20100750
20100750
40
0
14408500
14408500
42.5
250
8917500
8917750
45
750
4816250
4817000
47.5
718500
2563250
3281750
50
2922250
1266000
4188250
52.5
5269750
1000
5270750
55
8341000
0
8341000
57.5
11447750
0
11447750
60
16013250
0
16013250
62.5
20602500
0
20602500
65
25199500
0
25199500
67.5
29805000
0
29805000
70
34412500
0
34412500
72.5
39055500
0
39055500
75
43711000
0
43711000
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.