This page reflects RIG 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 — RIG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.50 (0.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.50
Nearest expiry
Expected Move
±$0.28
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
98,579
Nearest expiry
Total Put OI
51,165
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$5.82
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
2026-08-07
$5.00
8/7/2026, 11:32:18 PM
2026-08-14
$5.00
8/14/2026, 11:27:50 PM
2026-08-21NextUpdated
$5.50
8/18/2026, 11:36:43 PM
2026-08-28
$5.00
8/18/2026, 11:36:43 PM
2026-09-04
$5.00
8/18/2026, 11:36:43 PM
2026-09-11
$5.00
8/18/2026, 11:36:43 PM
2026-09-18
$6.00
8/18/2026, 11:36:43 PM
2026-09-25
$5.00
8/18/2026, 11:36:43 PM
2026-10-02
$5.50
8/18/2026, 11:36:43 PM
2026-11-20
$6.00
8/18/2026, 11:36:43 PM
2026-12-18
$5.00
8/18/2026, 11:36:43 PM
2027-01-15
$7.00
8/18/2026, 11:36:43 PM
2027-02-19
$5.00
8/18/2026, 11:36:43 PM
2027-03-19
$5.50
8/18/2026, 11:36:43 PM
2027-06-17
$4.00
8/18/2026, 11:36:43 PM
Selected expiration: 2026-08-21 at max pain $5.50.
RIG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
22425550
22425550
1.5
14700
19867450
19882150
2
47000
17309400
17356400
2.5
84350
14755900
14840250
3
122000
12205150
12327150
3.5
161150
9656450
9817600
4
201700
7138500
7340200
4.5
244900
4658050
4902950
5
294350
2370350
2664700
5.5
497300
475550
972850
6
1047500
18450
1065950
6.5
2570900
11650
2582550
7
4125500
5900
4131400
7.5
7448850
4900
7453750
8
10784800
3900
10788700
8.5
14790900
3050
14793950
9
18797000
2300
18799300
10
27947100
900
27948000
11
37642000
600
37642600
12
47416800
300
47417100
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.