This page reflects RIO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — RIO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $97.50 (3.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$97.50
Nearest expiry
Expected Move
±$4.68
±5.0%
Days to Expiry
14
Calendar days
Total Call OI
17,454
Nearest expiry
Total Put OI
13,458
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$94.21
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$100.00
8/21/2026, 11:28:57 PM
2026-09-18
$97.50
9/18/2026, 11:31:11 PM
2026-10-16NextUpdated
$97.50
10/2/2026, 11:28:19 PM
2026-11-20
$90.00
10/2/2026, 11:28:19 PM
2026-12-18
$97.50
10/2/2026, 11:28:19 PM
2027-01-15
$85.00
10/2/2026, 11:28:19 PM
2027-03-19
$95.00
10/2/2026, 11:28:19 PM
2027-04-16
$100.00
10/2/2026, 11:28:19 PM
2027-06-17
$95.00
10/2/2026, 11:28:19 PM
2027-09-17
$95.00
10/2/2026, 11:28:19 PM
Selected expiration: 2026-10-16 at max pain $97.50.
RIO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
52650500
52650500
55
0
45927000
45927000
60
0
39230500
39230500
65
0
32540000
32540000
70
0
25857000
25857000
75
1000
19204500
19205500
77.5
1500
15892250
15893750
80
2000
12745750
12747750
82.5
6000
9724750
9730750
85
10000
6923000
6933000
87.5
14000
4284000
4298000
90
21500
2837000
2858500
92.5
98750
1857750
1956500
95
351750
994000
1345750
97.5
733000
388250
1121250
100
1346250
94500
1440750
105
4234250
0
4234250
110
7943250
0
7943250
115
13266750
0
13266750
120
19472750
0
19472750
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.