This page reflects RIOT 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 — RIOT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $24.00 (0.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.46
±6.2%
Days to Expiry
2
Calendar days
Total Call OI
46,789
Nearest expiry
Total Put OI
52,361
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$23.67
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
$18.50
5/8/2026, 11:27:47 PM
2026-05-15
$18.50
5/15/2026, 11:37:03 PM
2026-05-22NextUpdated
$24.00
5/20/2026, 11:29:45 PM
2026-05-29
$22.00
5/20/2026, 11:29:45 PM
2026-06-05
$23.50
5/20/2026, 11:29:45 PM
2026-06-12
$23.00
5/20/2026, 11:29:45 PM
2026-06-18
$17.00
5/20/2026, 11:29:45 PM
2026-06-26
$23.00
5/20/2026, 11:29:45 PM
2026-07-17
$21.00
5/20/2026, 11:29:45 PM
2026-09-18
$17.00
5/20/2026, 11:29:45 PM
2026-12-18
$19.00
5/20/2026, 11:29:45 PM
2027-01-15
$12.00
5/20/2026, 11:29:45 PM
Selected expiration: 2026-05-22 at max pain $24.00.
RIOT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
103632550
103632550
2
4700
98396450
98401150
3
15500
93160350
93175850
5
51500
82688150
82739650
7
88500
72215950
72304450
7.5
97800
69597900
69695700
8
107300
66979850
67087150
8.5
117100
64364050
64481150
9
127250
61748250
61875500
9.5
137650
59133550
59271200
10
153250
56521800
56675050
10.5
169900
54160600
54330500
11
186750
51799550
51986300
11.5
203900
49439800
49643700
12
221300
47081400
47302700
12.5
239450
44725050
44964500
13
260150
42373300
42633450
13.5
284900
40024750
40309650
14
312400
37678550
37990950
14.5
342300
35338650
35680950
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.