This page reflects RAPP 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 — RAPP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (4.01 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
±$2.55
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
118
Nearest expiry
Total Put OI
709
Nearest expiry
P/C OI Ratio
6.01
Put-heavy
Spot Price
$49.01
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
$35.00
6/18/2026, 11:32:51 PM
2026-07-17
$42.50
7/17/2026, 11:34:21 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:29:19 PM
2026-09-18
$32.50
8/18/2026, 11:29:19 PM
2026-11-20
$40.00
8/18/2026, 11:29:19 PM
2026-12-18
$40.00
8/18/2026, 11:29:19 PM
2027-01-15
$27.50
8/18/2026, 11:29:19 PM
2027-02-19
$40.00
8/18/2026, 11:29:19 PM
Selected expiration: 2026-08-21 at max pain $45.00.
RAPP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
1106500
1106500
27.5
750
929250
930000
30
1500
752000
753500
32.5
2250
574750
577000
35
3500
397500
401000
37.5
11750
235250
247000
40
20250
145500
165750
42.5
44250
69000
113250
45
69250
7500
76750
47.5
95500
0
95500
50
124250
0
124250
65
299750
0
299750
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.