This page reflects RHI 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 — RHI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $25.00 (1.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$3.00
±11.4%
Days to Expiry
29
Calendar days
Total Call OI
2,196
Nearest expiry
Total Put OI
5,391
Nearest expiry
P/C OI Ratio
2.45
Put-heavy
Spot Price
$26.23
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
$22.50
4/17/2026, 11:31:13 PM
2026-05-15
$25.00
5/15/2026, 11:36:53 PM
2026-06-18NextUpdated
$25.00
5/20/2026, 11:30:05 PM
2026-07-17
$20.00
5/20/2026, 11:30:05 PM
2026-09-18
$25.00
5/20/2026, 11:30:05 PM
2026-12-18
$25.00
5/20/2026, 11:30:05 PM
Selected expiration: 2026-06-18 at max pain $25.00.
RHI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
5949750
5949750
15
2000
4602500
4604500
17.5
4500
3463250
3467750
20
7250
2339000
2346250
22.5
11000
1256750
1267750
25
29750
319500
349250
30
416250
50500
466750
35
1319250
17000
1336250
40
2312750
5500
2318250
45
3389250
1000
3390250
50
4467250
0
4467250
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.