GBTC Max Pain
The max pain for Grayscale Bitcoin Trust ETF (GBTC) options expiring Jan 21, 2028 (434 DTE) is $30.00.
GBTC Max Pain by Expiry
The Max Pain for all expiration dates of GBTC.
GBTC Max Pain FAQ
What is max pain?
Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.
What is GBTC max pain this week?
As of the Nov 11, 2026 close, max pain for GBTC options expiring Jan 21, 2028 is $30.00. The chart above shows the exact max pain for each expiration date.
Does GBTC trade above or below its max pain?
GBTC closed above its near-term max pain on 12 of the last 20 trading days. On Nov 11, 2026 it closed at $57.54, 3.8% below max pain of $59.79.
How has GBTC max pain changed recently?
Over the last 20 trading days, near-term max pain for GBTC ranged from $59.29 to $62.00. It went from $61.57 on Oct 15, 2026 to $59.79 on Nov 11, 2026. See the GBTC max pain history for a longer view.