This page reflects RIG 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 — RIG
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $6.50 (0.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$0.38
±5.1%
Days to Expiry
2
Calendar days
Total Call OI
18,759
Nearest expiry
Total Put OI
4,221
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$7.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$6.50
5/8/2026, 11:27:20 PM
2026-05-15
$5.50
5/15/2026, 11:33:24 PM
2026-05-22NextUpdated
$6.50
5/20/2026, 11:29:54 PM
2026-05-29
$7.00
5/20/2026, 11:29:54 PM
2026-06-05
$6.50
5/20/2026, 11:29:54 PM
2026-06-12
$6.00
5/20/2026, 11:29:54 PM
2026-06-18
$5.50
5/20/2026, 11:29:54 PM
2026-06-26
$6.00
5/20/2026, 11:29:54 PM
2026-07-17
$6.00
5/20/2026, 11:29:54 PM
2026-08-21
$6.00
5/20/2026, 11:29:54 PM
2026-09-18
$5.50
5/20/2026, 11:29:54 PM
2026-11-20
$6.00
5/20/2026, 11:29:54 PM
2026-12-18
$5.00
5/20/2026, 11:29:54 PM
2027-01-15
$7.00
5/20/2026, 11:29:54 PM
2027-03-19
$5.50
5/20/2026, 11:29:54 PM
Selected expiration: 2026-05-22 at max pain $6.50.
RIG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1958700
1958700
1.5
650
1759800
1760450
2
6750
1572550
1579300
2.5
19850
1390900
1410750
3
33850
1209250
1243100
3.5
48550
1027600
1076150
4
63500
845950
909450
4.5
79200
664800
744000
5
96850
500000
596850
5.5
115250
343800
459050
6
134700
201400
336100
6.5
161300
111050
272350
7
259000
39300
298300
7.5
709000
9000
718000
8
1371450
6150
1377600
8.5
2227450
4650
2232100
9
3103450
3400
3106850
9.5
3993750
2400
3996150
10
4895850
1650
4897500
10.5
5815000
900
5815900
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.