This page reflects RCAT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — RCAT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $9.50 (0.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.50
Nearest expiry
Expected Move
±$0.57
±6.4%
Days to Expiry
2
Calendar days
Total Call OI
16,398
Nearest expiry
Total Put OI
8,497
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$8.94
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$11.00
5/8/2026, 11:29:50 PM
2026-05-15
$11.00
5/15/2026, 11:33:57 PM
2026-05-22NextUpdated
$9.50
5/20/2026, 11:26:10 PM
2026-05-29
$10.00
5/20/2026, 11:26:10 PM
2026-06-05
$11.00
5/20/2026, 11:26:10 PM
2026-06-12
$10.00
5/20/2026, 11:26:10 PM
2026-06-18
$11.00
5/20/2026, 11:26:10 PM
2026-06-26
$10.50
5/20/2026, 11:26:10 PM
2026-07-17
$11.00
5/20/2026, 11:26:10 PM
2026-10-16
$12.00
5/20/2026, 11:26:10 PM
2026-11-20
$10.00
5/20/2026, 11:26:10 PM
2027-01-15
$7.00
5/20/2026, 11:26:10 PM
Selected expiration: 2026-05-22 at max pain $9.50.
RCAT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
7015400
7015400
3
0
5316000
5316000
4
1200
4466300
4467500
5
2800
3616600
3619400
6
4700
2766900
2771600
7
6600
1917300
1923900
7.5
8000
1511200
1519200
8
13300
1113450
1126750
8.5
21000
761000
782000
9
51600
527250
578850
9.5
177800
381800
559600
10
362750
281650
644400
10.5
704400
211600
916000
11
1094150
157200
1251350
11.5
1527850
112750
1640600
12
1977400
79900
2057300
12.5
2552950
52900
2605850
13
3184300
32100
3216400
13.5
3871350
18050
3889400
14
4573550
10550
4584100
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.