This page reflects RELY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — RELY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $21.00 (0.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.00
Nearest expiry
Expected Move
±$2.33
±10.8%
Days to Expiry
29
Calendar days
Total Call OI
2,821
Nearest expiry
Total Put OI
3,892
Nearest expiry
P/C OI Ratio
1.38
Put-heavy
Spot Price
$21.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$17.50
4/17/2026, 11:27:56 PM
2026-05-15
$22.50
5/15/2026, 11:34:18 PM
2026-06-18NextUpdated
$21.00
5/20/2026, 11:25:26 PM
2026-07-17
$17.50
5/20/2026, 11:25:26 PM
2026-10-16
$20.00
5/20/2026, 11:25:26 PM
2026-12-18
$12.50
5/20/2026, 11:25:26 PM
2027-01-15
$12.50
5/20/2026, 11:25:26 PM
Selected expiration: 2026-06-18 at max pain $21.00.
RELY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
3605400
3605400
14
0
2438700
2438700
16
0
1661100
1661100
17
100
1272300
1272400
18
200
886700
886900
19
500
501700
502200
20
800
143400
144200
21
6800
89700
96500
22
112200
61700
173900
23
223700
36400
260100
24
348900
18000
366900
25
513500
3500
517000
26
697100
0
697100
30
1575900
0
1575900
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.