This page reflects RELY 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 — RELY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (1.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.97
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
2,866
Nearest expiry
Total Put OI
1,365
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$25.44
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
$21.00
6/18/2026, 11:30:35 PM
2026-07-17
$17.50
7/17/2026, 11:30:50 PM
2026-08-21NextUpdated
$24.00
8/18/2026, 11:33:20 PM
2026-09-18
$23.00
8/18/2026, 11:33:20 PM
2026-10-16
$20.00
8/18/2026, 11:33:20 PM
2026-12-18
$15.00
8/18/2026, 11:33:20 PM
2027-01-15
$15.00
8/18/2026, 11:33:20 PM
Selected expiration: 2026-08-21 at max pain $24.00.
RELY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
1386600
1386600
14
0
1113800
1113800
15
0
977500
977500
16
0
841400
841400
18
0
571400
571400
19
100
437200
437300
20
200
308200
308400
21
5000
183500
188500
22
11000
118800
129800
23
17600
62600
80200
24
26500
11600
38100
25
160100
5500
165600
26
342800
1000
343800
27
538300
0
538300
28
772000
0
772000
29
1012400
0
1012400
30
1260900
0
1260900
31
1526400
0
1526400
32
1792000
0
1792000
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.