This page reflects RIO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — RIO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $97.50 (3.08 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
±$5.08
±5.4%
Days to Expiry
15
Calendar days
Total Call OI
17,714
Nearest expiry
Total Put OI
14,474
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$94.42
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$95.00
5/15/2026, 11:31:03 PM
2026-06-18
$95.00
6/18/2026, 11:29:56 PM
2026-07-17NextUpdated
$97.50
7/3/2026, 11:29:37 PM
2026-08-21
$90.00
7/3/2026, 11:29:37 PM
2026-09-18
$90.00
7/3/2026, 11:29:37 PM
2026-10-16
$100.00
7/3/2026, 11:29:37 PM
2026-12-18
$85.00
7/3/2026, 11:29:37 PM
2027-01-15
$80.00
7/3/2026, 11:29:37 PM
2027-03-19
$97.50
7/3/2026, 11:29:37 PM
2027-06-17
$80.00
7/3/2026, 11:29:37 PM
Selected expiration: 2026-07-17 at max pain $97.50.
RIO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
74391500
74391500
45
0
63536750
63536750
47.5
0
59918750
59918750
50
0
56301750
56301750
55
0
49068250
49068250
60
0
41840750
41840750
62.5
0
38234750
38234750
65
0
34652250
34652250
67.5
0
31158500
31158500
70
0
27753750
27753750
72.5
750
24388500
24389250
75
9250
21231000
21240250
77.5
36250
18143500
18179750
80
77750
15234000
15311750
82.5
201500
12440500
12642000
85
352000
9738500
10090500
87.5
568500
7947750
8516250
90
849250
6219250
7068500
92.5
1386250
4740250
6126500
95
2103000
3398750
5501750
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.