This page reflects RIOT 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 — RIOT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (1.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.25
±6.6%
Days to Expiry
3
Calendar days
Total Call OI
149,485
Nearest expiry
Total Put OI
74,376
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$18.91
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
$21.50
8/7/2026, 11:29:49 PM
2026-08-14
$21.00
8/14/2026, 11:35:45 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:27:11 PM
2026-08-28
$20.50
8/18/2026, 11:27:11 PM
2026-09-04
$20.00
8/18/2026, 11:27:11 PM
2026-09-11
$20.00
8/18/2026, 11:27:11 PM
2026-09-18
$20.00
8/18/2026, 11:27:11 PM
2026-09-25
$19.00
8/18/2026, 11:27:11 PM
2026-10-02
$19.00
8/18/2026, 11:27:11 PM
2026-10-16
$19.00
8/18/2026, 11:27:11 PM
2026-11-20
$19.00
8/18/2026, 11:27:11 PM
2026-12-18
$20.00
8/18/2026, 11:27:11 PM
2027-01-15
$15.00
8/18/2026, 11:27:11 PM
2027-03-19
$19.00
8/18/2026, 11:27:11 PM
Selected expiration: 2026-08-21 at max pain $20.00.
RIOT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
122555400
122555400
2
1300
115117900
115119200
3
5000
107682100
107687100
4
12800
100249900
100262700
5
25800
92822300
92848100
6
39000
85394800
85433800
7
52400
77967300
78019700
8
66000
70539800
70605800
9
79800
63112800
63192600
10
93800
55686300
55780100
11
107800
48409100
48516900
12
122800
41305700
41428500
13
148900
34244500
34393400
14
186000
27193700
27379700
15
242700
20693800
20936500
15.5
272400
17978000
18250400
16
302250
15520450
15822700
16.5
337100
13227400
13564500
17
373450
10948050
11321500
17.5
414000
8727550
9141550
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.