Reinsurance Group of America, IClose $244.42EOD only
Max Pain
$240.00
Next expiry Aug 21, 2026
Expected Move
±$6.05
2.5% from close
Price Gap
-4.42
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.37
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — RGA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $240.00 (4.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$6.05
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
327
Nearest expiry
Total Put OI
640
Nearest expiry
P/C OI Ratio
1.96
Put-heavy
Spot Price
$244.42
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
$210.00
6/18/2026, 11:34:30 PM
2026-07-17
$200.00
7/17/2026, 11:30:44 PM
2026-08-21NextUpdated
$240.00
8/18/2026, 11:36:28 PM
2026-09-18
$240.00
8/18/2026, 11:36:28 PM
2026-10-16
$220.00
8/18/2026, 11:36:28 PM
2026-11-20
$220.00
8/18/2026, 11:36:28 PM
2027-01-15
$230.00
8/18/2026, 11:36:28 PM
Selected expiration: 2026-08-21 at max pain $240.00.
RGA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
3292500
3292500
185
0
2026500
2026500
190
0
1711000
1711000
200
0
1084000
1084000
210
0
625000
625000
220
0
314000
314000
230
0
6000
6000
240
0
0
0
250
5000
0
5000
270
23000
0
23000
280
195000
0
195000
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.