This page reflects RF 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 — RF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (1.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$0.62
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
8,423
Nearest expiry
Total Put OI
3,643
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$31.70
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
$27.00
6/18/2026, 11:30:40 PM
2026-07-17
$30.00
7/17/2026, 11:31:03 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:38:15 PM
2026-09-18
$27.00
8/18/2026, 11:38:15 PM
2026-11-20
$28.00
8/18/2026, 11:38:15 PM
2026-12-18
$28.00
8/18/2026, 11:38:15 PM
2027-01-15
$27.00
8/18/2026, 11:38:15 PM
2027-02-19
$30.00
8/18/2026, 11:38:15 PM
2027-03-19
$27.00
8/18/2026, 11:38:15 PM
2027-06-17
$32.00
8/18/2026, 11:38:15 PM
Selected expiration: 2026-08-21 at max pain $30.00.
RF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
4978200
4978200
18
1200
3887100
3888300
19
3000
3523400
3526400
20
4900
3163200
3168100
21
7000
2807700
2814700
22
9200
2452200
2461400
23
11600
2100500
2112100
24
14000
1771000
1785000
25
20100
1446200
1466300
26
36500
1132600
1169100
27
54200
842400
896600
28
82300
573700
656000
29
124500
367100
491600
30
223900
165400
389300
31
370300
112800
483100
32
558000
78200
636200
33
935800
50300
986100
34
1645300
25100
1670400
35
2379600
0
2379600
36
3220300
0
3220300
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.