thetaOwl

RIVN

Rivian Automotive, Inc.Close $14.87EOD only
Max Pain
$16.00
Next expiry Aug 21, 2026
Expected Move
±$0.68
4.5% from close
Price Gap
+1.13
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
No reports available
Published snapshot: Aug 17, 2026 close
End-of-day snapshot

This page reflects RIVN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Aug 17, 2026 close
Max Pain — RIVN
Data as of market close Aug 17, 2026

Nearest listed expiration 2026-08-21 shows max pain at $16.00 (1.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.68
±4.5%
Days to Expiry
4
Calendar days
Total Call OI
68,197
Nearest expiry
Total Put OI
48,970
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$14.87
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$15.508/7/2026, 11:31:58 PM
2026-08-14$16.008/14/2026, 11:26:57 PM
2026-08-21NextUpdated$16.008/17/2026, 11:36:54 PM
2026-08-28$16.008/17/2026, 11:36:54 PM
2026-09-04$16.008/17/2026, 11:36:54 PM
2026-09-11$15.508/17/2026, 11:36:54 PM
2026-09-18$15.008/17/2026, 11:36:54 PM
2026-09-25$16.008/17/2026, 11:36:54 PM
2026-10-02$11.008/17/2026, 11:36:54 PM
2026-10-16$16.008/17/2026, 11:36:54 PM
2026-12-18$17.508/17/2026, 11:36:54 PM
2027-01-15$15.008/17/2026, 11:36:54 PM
2027-03-19$16.008/17/2026, 11:36:54 PM
2027-06-17$15.008/17/2026, 11:36:54 PM
Selected expiration: 2026-08-21 at max pain $16.00.
RIVN pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
504716215047162150
830003247115032474150
944002757505027579450
10104002268065022691050
10.5152502028175020297000
11201501789540017915550
11.5254001552135015546750
12308501314730013178150
12.5422501084035010882600
135370085975008651200
13.56860067681506836750
148355051374505221000
14.511705038080503925100
1515740025535502710950
15.529590017561002052000
1655625011858001742050
16.512513508292502080600
1721725505263002698850
17.537641503546004118750
1855305001978505728350
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.