thetaOwl

RCL

Royal Caribbean Cruises Ltd.Close $277.74EOD only
Max Pain
$250.00
Next expiry Oct 9, 2026
Expected Move
±$11.85
4.3% from close
Price Gap
-27.74
Distance to max pain
IV Rank
18
Low premium
P/C OI
1.16
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects RCL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Oct 2, 2026 close
Max Pain — RCL
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $250.00 (27.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$11.85
±4.3%
Days to Expiry
7
Calendar days
Total Call OI
1,629
Nearest expiry
Total Put OI
1,482
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$277.74
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$237.509/25/2026, 11:25:46 PM
2026-10-02Updated$242.5010/2/2026, 11:27:43 PM
2026-10-09Next$250.0010/2/2026, 11:27:43 PM
2026-10-16$250.0010/2/2026, 11:27:43 PM
2026-10-23$225.0010/2/2026, 11:27:43 PM
2026-10-30$240.0010/2/2026, 11:27:43 PM
2026-11-06$250.0010/2/2026, 11:27:43 PM
2026-11-20$250.0010/2/2026, 11:27:43 PM
2026-12-18$280.0010/2/2026, 11:27:43 PM
2027-01-15$250.0010/2/2026, 11:27:43 PM
2027-03-19$280.0010/2/2026, 11:27:43 PM
2027-06-17$260.0010/2/2026, 11:27:43 PM
2027-09-17$220.0010/2/2026, 11:27:43 PM
Selected expiration: 2026-10-09 at max pain $250.00.
RCL pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
180087780008778000
185080400008040000
190073050007305000
195065730006573000
200058420005842000
202.5054780005478000
205051165005116500
207.5047592504759250
210044042504404250
215250037067503709250
220800030312503039250
222.51150027055002717000
2251550023942502409750
227.52300020942502117250
2303125018007501832000
232.54275015242501567000
2355625012525001308750
237.57625010010001077250
24098000755000853000
242.5135000609750744750
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.