This page reflects RELY 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 — RELY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $17.50 (6.25 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
±$1.62
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
7,512
Nearest expiry
Total Put OI
3,592
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$23.75
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
$22.50
5/15/2026, 11:34:18 PM
2026-06-18
$21.00
6/18/2026, 11:30:35 PM
2026-07-17NextUpdated
$17.50
7/3/2026, 11:26:52 PM
2026-08-21
$21.00
7/3/2026, 11:26:52 PM
2026-10-16
$20.00
7/3/2026, 11:26:52 PM
2026-12-18
$12.50
7/3/2026, 11:26:52 PM
2027-01-15
$12.50
7/3/2026, 11:26:52 PM
Selected expiration: 2026-07-17 at max pain $17.50.
RELY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
4043200
4043200
6
0
3684000
3684000
7.5
150
3145200
3145350
9
450
2606400
2606850
10
650
2247800
2248450
11
850
1893200
1894050
12.5
1150
1361300
1362450
14
2500
861950
864450
15
3400
529050
532450
16
87800
405950
493750
17.5
214850
231950
446800
19
437000
125450
562450
20
599400
68050
667450
21
1017200
38450
1055650
22.5
1688000
1700
1689700
24
2541050
200
2541250
25
3132650
0
3132650
30
6599650
0
6599650
35
10347150
0
10347150
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.