This page reflects RCL 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 — RCL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $307.50 (7.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$307.50
Nearest expiry
Expected Move
±$9.35
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
3,801
Nearest expiry
Total Put OI
7,045
Nearest expiry
P/C OI Ratio
1.85
Put-heavy
Spot Price
$300.00
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
2026-08-07
$315.00
8/7/2026, 11:28:57 PM
2026-08-14
$310.00
8/14/2026, 11:30:09 PM
2026-08-21NextUpdated
$307.50
8/18/2026, 11:28:50 PM
2026-08-28
$305.00
8/18/2026, 11:28:50 PM
2026-09-04
$315.00
8/18/2026, 11:28:50 PM
2026-09-11
$305.00
8/18/2026, 11:28:50 PM
2026-09-18
$300.00
8/18/2026, 11:28:50 PM
2026-09-25
$305.00
8/18/2026, 11:28:50 PM
2026-10-02
$290.00
8/18/2026, 11:28:50 PM
2026-10-16
$310.00
8/18/2026, 11:28:50 PM
2026-11-20
$320.00
8/18/2026, 11:28:50 PM
2026-12-18
$290.00
8/18/2026, 11:28:50 PM
2027-01-15
$260.00
8/18/2026, 11:28:50 PM
2027-03-19
$290.00
8/18/2026, 11:28:50 PM
2027-06-17
$280.00
8/18/2026, 11:28:50 PM
Selected expiration: 2026-08-21 at max pain $307.50.
RCL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
57345000
57345000
195
1500
53890500
53892000
200
5500
50482500
50488000
210
39500
43836500
43876000
215
61500
40773000
40834500
220
85500
37732000
37817500
225
110500
34783500
34894000
230
136000
31835500
31971500
235
167500
28959000
29126500
240
199500
26094000
26293500
245
232000
23341500
23573500
250
265000
20595500
20860500
255
298000
18245500
18543500
260
332000
15910000
16242000
265
379500
13693000
14072500
267.5
403750
12600750
13004500
270
428250
11520250
11948500
272.5
456750
10505250
10962000
275
485750
9508250
9994000
277.5
519000
8513000
9032000
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.