This page reflects RDW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — RDW
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $13.00 (0.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$1.55
±11.1%
Days to Expiry
3
Calendar days
Total Call OI
29,918
Nearest expiry
Total Put OI
21,768
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$13.91
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$9.50
5/8/2026, 11:27:55 PM
2026-05-15
$10.00
5/15/2026, 11:31:09 PM
2026-05-22NextUpdated
$13.00
5/19/2026, 11:27:53 PM
2026-05-29
$10.00
5/19/2026, 11:27:53 PM
2026-06-05
$12.00
5/19/2026, 11:27:53 PM
2026-06-12
$11.50
5/19/2026, 11:27:53 PM
2026-06-18
$10.00
5/19/2026, 11:27:53 PM
2026-06-26
$11.00
5/19/2026, 11:27:53 PM
2026-07-17
$8.00
5/19/2026, 11:27:53 PM
2026-08-21
$10.00
5/19/2026, 11:27:53 PM
2026-11-20
$10.00
5/19/2026, 11:27:53 PM
2027-01-15
$5.00
5/19/2026, 11:27:53 PM
Selected expiration: 2026-05-22 at max pain $13.00.
RDW pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
16790900
16790900
4
600
14614700
14615300
4.5
1050
13526700
13527750
5
1700
12438700
12440400
5.5
2450
11351000
11353450
6
3200
10263400
10266600
6.5
4200
9176200
9180400
7
5400
8095800
8101200
7.5
8900
7142350
7151250
8
12850
6272650
6285500
8.5
27900
5419400
5447300
9
50000
4675600
4725600
9.5
80600
4025650
4106250
10
121900
3410000
3531900
10.5
185900
2829950
3015850
11
271750
2269200
2540950
11.5
428000
1727100
2155100
12
609450
1211100
1820550
12.5
836350
753150
1589500
13
1087150
484750
1571900
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.