FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY) Max Pain Analysis

Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.

FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $294.2M, listed on CBOE, employing roughly 2,246 people, carrying a beta of 0.42 to the broader market. GMAY uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in May. Led by Jan van de Winkel, public since 2023-05-22.

Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for GMAY as of 2026-07-17; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.

Learn how max pain is reported and how to read the data →