This page reflects RDW 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 — RDW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $11.50 (0.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.50
Nearest expiry
Expected Move
±$0.88
±8.0%
Days to Expiry
7
Calendar days
Total Call OI
12,368
Nearest expiry
Total Put OI
9,649
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$10.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$11.50
9/25/2026, 11:30:32 PM
2026-10-02Updated
$11.00
10/2/2026, 11:28:35 PM
2026-10-09Next
$11.50
10/2/2026, 11:28:35 PM
2026-10-16
$11.00
10/2/2026, 11:28:35 PM
2026-10-23
$11.50
10/2/2026, 11:28:35 PM
2026-10-30
$11.00
10/2/2026, 11:28:35 PM
2026-11-20
$12.00
10/2/2026, 11:28:35 PM
2027-01-15
$9.00
10/2/2026, 11:28:35 PM
2027-02-19
$11.00
10/2/2026, 11:28:35 PM
2027-05-21
$10.00
10/2/2026, 11:28:35 PM
Selected expiration: 2026-10-09 at max pain $11.50.
RDW pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
4918650
4918650
5
400
3953750
3954150
6.5
1300
2506400
2507700
7
1600
2023950
2025550
7.5
1950
1541500
1543450
8
2300
1089500
1091800
8.5
2750
856650
859400
9
3200
682400
685600
9.5
4000
509750
513750
10
5200
348100
353300
10.5
7200
208050
215250
11
39950
75300
115250
11.5
91850
18500
110350
12
165400
11700
177100
12.5
478250
8150
486400
13
805750
6200
811950
13.5
1165700
5350
1171050
14
1540400
4800
1545200
14.5
2127600
4500
2132100
15
2717150
4200
2721350
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.