This page reflects RHI 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 — RHI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (3.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.35
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
2,397
Nearest expiry
Total Put OI
3,391
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$43.76
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
$25.00
6/18/2026, 11:29:38 PM
2026-07-17
$30.00
7/17/2026, 11:30:48 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:38:42 PM
2026-09-18
$35.00
8/18/2026, 11:38:42 PM
2026-12-18
$30.00
8/18/2026, 11:38:42 PM
2027-03-19
$40.00
8/18/2026, 11:38:42 PM
Selected expiration: 2026-08-21 at max pain $40.00.
RHI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
6034000
6034000
20
0
5186500
5186500
22.5
0
4340250
4340250
25
500
3550500
3551000
30
8000
2017000
2025000
35
73000
822500
895500
40
319000
13000
332000
45
657500
2000
659500
50
1327500
0
1327500
60
3223500
0
3223500
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.