This page reflects RDN 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 — RDN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $34.00 (2.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$0.83
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
335
Nearest expiry
Total Put OI
80
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$36.85
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
2026-06-18
$33.00
6/18/2026, 11:33:41 PM
2026-07-17
$36.00
7/17/2026, 11:35:10 PM
2026-08-21NextUpdated
$34.00
8/18/2026, 11:27:31 PM
2026-09-18
$37.00
8/18/2026, 11:27:31 PM
2026-11-20
$37.00
8/18/2026, 11:27:31 PM
2026-12-18
$37.00
8/18/2026, 11:27:31 PM
2027-02-19
$34.00
8/18/2026, 11:27:31 PM
Selected expiration: 2026-08-21 at max pain $34.00.
RDN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
117300
117300
25
14000
77300
91300
26
16800
69300
86100
27
19600
61300
80900
28
22500
53400
75900
29
25400
45600
71000
30
28500
37900
66400
31
31600
30600
62200
32
34700
24900
59600
33
38000
19700
57700
34
42500
14700
57200
35
51900
9700
61600
36
61700
4700
66400
37
73100
2100
75200
38
88900
100
89000
39
106600
0
106600
40
124500
0
124500
41
148600
0
148600
42
173200
0
173200
43
200500
0
200500
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.