This page reflects RELL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — RELL
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (0.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.30
±7.4%
Days to Expiry
1
Calendar days
Total Call OI
1,304
Nearest expiry
Total Put OI
719
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$17.51
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
$12.50
6/18/2026, 11:30:23 PM
2026-07-17
$17.50
7/17/2026, 11:30:30 PM
2026-08-21NextUpdated
$17.50
8/20/2026, 11:34:36 PM
2026-09-18
$12.50
8/20/2026, 11:34:36 PM
2026-12-18
$12.50
8/20/2026, 11:34:36 PM
2027-03-19
$15.00
8/20/2026, 11:34:36 PM
Selected expiration: 2026-08-21 at max pain $17.50.
RELL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
681000
681000
7.5
0
529500
529500
10
0
378500
378500
12.5
1250
228750
230000
15
2500
79000
81500
17.5
16250
7250
23500
20
80750
1500
82250
22.5
212250
0
212250
25
399750
0
399750
30
1011750
0
1011750
35
1655250
0
1655250
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.