Reinsurance Group of America, IClose $221.00EOD only
Max Pain
$200.00
Next expiry Jul 17, 2026
Expected Move
±$7.40
3.4% from close
Price Gap
-21.00
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.27
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects RGA 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 — RGA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $200.00 (21.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$7.40
±3.4%
Days to Expiry
15
Calendar days
Total Call OI
161
Nearest expiry
Total Put OI
36
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$221.00
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
$200.00
5/15/2026, 11:33:12 PM
2026-06-18
$210.00
6/18/2026, 11:34:30 PM
2026-07-17NextUpdated
$200.00
7/3/2026, 11:23:56 PM
2026-10-16
$210.00
7/3/2026, 11:23:56 PM
2027-01-15
$195.00
7/3/2026, 11:23:56 PM
Selected expiration: 2026-07-17 at max pain $200.00.
RGA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
262500
262500
120
0
245000
245000
145
0
160000
160000
150
0
143500
143500
160
2000
110500
112500
175
5000
62500
67500
180
6000
48500
54500
185
7000
35500
42500
190
8000
22500
30500
195
9500
11000
20500
200
13000
2000
15000
210
22000
1000
23000
220
57000
0
57000
230
104000
0
104000
240
170000
0
170000
250
314000
0
314000
260
468000
0
468000
270
627000
0
627000
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.