This page reflects RCUS 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 — RCUS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $22.50 (1.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$3.52
±14.8%
Days to Expiry
29
Calendar days
Total Call OI
2,132
Nearest expiry
Total Put OI
722
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$23.74
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$15.00
4/17/2026, 11:24:01 PM
2026-05-15
$25.00
5/15/2026, 11:34:00 PM
2026-06-18NextUpdated
$22.50
5/20/2026, 11:31:12 PM
2026-07-17
$25.00
5/20/2026, 11:31:12 PM
2026-10-16
$20.00
5/20/2026, 11:31:12 PM
2026-12-18
$20.00
5/20/2026, 11:31:12 PM
2027-01-15
$20.00
5/20/2026, 11:31:12 PM
Selected expiration: 2026-06-18 at max pain $22.50.
RCUS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
988000
988000
12.5
0
627500
627500
15
0
448250
448250
17.5
750
269000
269750
20
1500
95250
96750
22.5
7500
2000
9500
25
18000
0
18000
30
326500
0
326500
35
1389500
0
1389500
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.