This page reflects RGLD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — RGLD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $230.00 (6.91 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$21.60
±9.7%
Days to Expiry
29
Calendar days
Total Call OI
4,328
Nearest expiry
Total Put OI
2,288
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$223.09
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$250.00
4/17/2026, 11:26:21 PM
2026-05-15
$240.00
5/15/2026, 11:30:43 PM
2026-06-18NextUpdated
$230.00
5/20/2026, 11:29:27 PM
2026-07-17
$250.00
5/20/2026, 11:29:27 PM
2026-09-18
$240.00
5/20/2026, 11:29:27 PM
2026-10-16
$270.00
5/20/2026, 11:29:27 PM
2026-12-18
$175.00
5/20/2026, 11:29:27 PM
2027-01-15
$230.00
5/20/2026, 11:29:27 PM
Selected expiration: 2026-06-18 at max pain $230.00.
RGLD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
28604500
28604500
100
500
27470500
27471000
120
2500
22938500
22941000
125
3000
21805500
21808500
130
3500
20680500
20684000
135
4000
19558000
19562000
140
6000
18435500
18441500
145
8000
17332500
17340500
150
10000
16259000
16269000
155
15000
15187500
15202500
160
20000
14117500
14137500
165
31000
13051000
13082000
170
46500
11984500
12031000
175
62000
10929500
10991500
180
77500
9879000
9956500
185
99000
8839500
8938500
190
120500
7811000
7931500
195
158500
6830000
6988500
200
196500
5869000
6065500
210
306500
4129000
4435500
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.