This page reflects RCL 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 — RCL
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $265.00 (11.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$265.00
Nearest expiry
Expected Move
±$9.65
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
2,488
Nearest expiry
Total Put OI
3,940
Nearest expiry
P/C OI Ratio
1.58
Put-heavy
Spot Price
$253.89
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
$270.00
5/8/2026, 11:29:49 PM
2026-05-15
$270.00
5/15/2026, 11:35:48 PM
2026-05-22NextUpdated
$265.00
5/20/2026, 11:27:43 PM
2026-05-29
$265.00
5/20/2026, 11:27:43 PM
2026-06-05
$260.00
5/20/2026, 11:27:43 PM
2026-06-12
$235.00
5/20/2026, 11:27:43 PM
2026-06-18
$270.00
5/20/2026, 11:27:43 PM
2026-06-26
$265.00
5/20/2026, 11:27:43 PM
2026-07-17
$270.00
5/20/2026, 11:27:43 PM
2026-09-18
$300.00
5/20/2026, 11:27:43 PM
2026-12-18
$290.00
5/20/2026, 11:27:43 PM
2027-01-15
$250.00
5/20/2026, 11:27:43 PM
2027-03-19
$270.00
5/20/2026, 11:27:43 PM
Selected expiration: 2026-05-22 at max pain $265.00.
RCL pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
31169750
31169750
180
1000
27232750
27233750
195
2500
21330250
21332750
200
3000
19368250
19371250
202.5
5250
18390000
18395250
205
7750
17411750
17419500
210
12750
15457250
15470000
212.5
15250
14482250
14497500
215
18250
13509250
13527500
217.5
23750
12540250
12564000
220
31250
11571250
11602500
222.5
40000
10635500
10675500
225
49000
9699750
9748750
230
67000
7844250
7911250
232.5
79000
6954500
7033500
235
91250
6069500
6160750
237.5
109500
5209500
5319000
240
127750
4354250
4482000
242.5
147750
3673000
3820750
245
168250
3026000
3194250
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.