This page reflects RGLD 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 — RGLD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $195.00 (35.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$7.33
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
3,092
Nearest expiry
Total Put OI
2,008
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$230.43
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
$220.00
6/18/2026, 11:28:58 PM
2026-07-17
$200.00
7/17/2026, 11:26:55 PM
2026-08-21NextUpdated
$195.00
8/18/2026, 11:38:31 PM
2026-09-18
$220.00
8/18/2026, 11:38:31 PM
2026-10-16
$240.00
8/18/2026, 11:38:31 PM
2026-12-18
$200.00
8/18/2026, 11:38:31 PM
2027-01-15
$220.00
8/18/2026, 11:38:31 PM
Selected expiration: 2026-08-21 at max pain $195.00.
RGLD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
10250500
10250500
150
0
8244500
8244500
155
500
7244000
7244500
160
1000
6251000
6252000
165
1500
5299000
5300500
170
2000
4352000
4354000
175
8500
3485500
3494000
180
22500
2855500
2878000
185
39500
2302000
2341500
190
60000
1806000
1866000
195
372000
1438000
1810000
200
752500
1091000
1843500
210
1913500
572000
2485500
220
3313500
95000
3408500
230
5171500
27000
5198500
240
7347500
1000
7348500
250
9805500
0
9805500
260
12489500
0
12489500
270
15556500
0
15556500
280
18632500
0
18632500
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.