This page reflects RDWR 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 — RDWR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.00 (2.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$1.07
±3.6%
Days to Expiry
15
Calendar days
Total Call OI
161
Nearest expiry
Total Put OI
17
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$29.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$26.00
5/15/2026, 11:32:24 PM
2026-06-18
$28.00
6/18/2026, 11:26:59 PM
2026-07-17NextUpdated
$27.00
7/3/2026, 11:25:01 PM
2026-08-21
$24.00
7/3/2026, 11:25:01 PM
2026-09-18
$24.00
7/3/2026, 11:25:01 PM
2026-11-20
$28.00
7/3/2026, 11:25:01 PM
2026-12-18
$28.00
7/3/2026, 11:25:01 PM
Selected expiration: 2026-07-17 at max pain $27.00.
RDWR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
16600
16600
23
0
10200
10200
24
200
8600
8800
25
600
7000
7600
26
1200
5400
6600
27
2300
3800
6100
28
4000
2300
6300
29
5800
1400
7200
30
10400
900
11300
31
17200
400
17600
32
27300
300
27600
33
38000
200
38200
34
54000
100
54100
35
70100
0
70100
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.