This page reflects RDW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — RDW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $12.50 (1.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.45
±12.8%
Days to Expiry
8
Calendar days
Total Call OI
11,449
Nearest expiry
Total Put OI
5,534
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$11.31
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$12.50
6/26/2026, 11:27:10 PM
2026-07-02
$12.00
7/2/2026, 11:27:47 PM
2026-07-10NextUpdated
$12.50
7/3/2026, 11:26:05 PM
2026-07-17
$13.00
7/3/2026, 11:26:05 PM
2026-07-24
$13.50
7/3/2026, 11:26:05 PM
2026-07-31
$13.00
7/3/2026, 11:26:05 PM
2026-08-07
$11.50
7/3/2026, 11:26:05 PM
2026-08-21
$12.00
7/3/2026, 11:26:05 PM
2026-11-20
$12.00
7/3/2026, 11:26:05 PM
2027-01-15
$8.00
7/3/2026, 11:26:05 PM
2027-02-19
$11.00
7/3/2026, 11:26:05 PM
Selected expiration: 2026-07-10 at max pain $12.50.
RDW pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
6133250
6133250
2
1600
5579850
5581450
3
3900
5026450
5030350
4
6600
4473550
4480150
5
9300
3920950
3930250
6
12300
3368850
3381150
7
15400
2819050
2834450
8
18800
2269250
2288050
8.5
20500
2015450
2035950
9
22250
1800200
1822450
9.5
24050
1589000
1613050
10
26050
1382050
1408100
10.5
29750
1198200
1227950
11
41450
1024100
1065550
11.5
59800
868200
928000
12
102100
728250
830350
12.5
176350
621500
797850
13
275800
523550
799350
13.5
421950
444900
866850
14
594650
367300
961950
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.