This page reflects RDW 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 — RDW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $11.00 (1.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.93
±7.2%
Days to Expiry
3
Calendar days
Total Call OI
96,444
Nearest expiry
Total Put OI
53,018
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$12.94
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
2026-08-07
$9.50
8/7/2026, 11:30:23 PM
2026-08-14
$11.00
8/14/2026, 11:31:32 PM
2026-08-21NextUpdated
$11.00
8/18/2026, 11:27:26 PM
2026-08-28
$12.00
8/18/2026, 11:27:26 PM
2026-09-04
$11.00
8/18/2026, 11:27:26 PM
2026-09-11
$11.00
8/18/2026, 11:27:26 PM
2026-09-18
$10.00
8/18/2026, 11:27:26 PM
2026-09-25
$12.00
8/18/2026, 11:27:26 PM
2026-10-02
$13.50
8/18/2026, 11:27:26 PM
2026-11-20
$11.00
8/18/2026, 11:27:26 PM
2027-01-15
$8.00
8/18/2026, 11:27:26 PM
2027-02-19
$13.00
8/18/2026, 11:27:26 PM
Selected expiration: 2026-08-21 at max pain $11.00.
RDW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
38983150
38983150
2
4400
33687150
33691550
3
10200
28391150
28401350
4
18500
23506350
23524850
5
28400
19525750
19554150
6
175700
15687050
15862750
6.5
253900
13914950
14168850
7
332250
12144450
12476700
7.5
430750
10703350
11134100
8
530450
9281050
9811500
8.5
797450
8074200
8871650
9
1079550
6912000
7991550
9.5
1461450
5905600
7367050
10
1867900
4931500
6799400
10.5
2484350
4063200
6547550
11
3140600
3203300
6343900
11.5
4000400
2396900
6397300
12
4888500
1599750
6488250
12.5
5905300
1226800
7132100
13
6937800
888350
7826150
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.