This page reflects RDWR 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 — RDWR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (3.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.27
±8.1%
Days to Expiry
3
Calendar days
Total Call OI
190
Nearest expiry
Total Put OI
42
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$28.11
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
2026-06-18
$28.00
6/18/2026, 11:26:59 PM
2026-07-17
$26.00
7/17/2026, 11:29:00 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:24:59 PM
2026-09-18
$24.00
8/18/2026, 11:24:59 PM
2026-11-20
$28.00
8/18/2026, 11:24:59 PM
2026-12-18
$28.00
8/18/2026, 11:24:59 PM
2027-03-19
$31.00
8/18/2026, 11:24:59 PM
Selected expiration: 2026-08-21 at max pain $25.00.
RDWR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17
0
37600
37600
18
0
33500
33500
19
0
29500
29500
20
0
25700
25700
21
0
23000
23000
22
0
20300
20300
23
0
17700
17700
24
0
15100
15100
25
200
12500
12700
26
6000
9900
15900
27
12000
7300
19300
28
18000
4700
22700
29
25100
2200
27300
30
33600
0
33600
31
45900
0
45900
32
59600
0
59600
33
74200
0
74200
34
89300
0
89300
35
105000
0
105000
38
155700
0
155700
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.