Raymond James Financial, Inc.Close $152.07EOD only
Max Pain
$160.00
Next expiry Jun 18, 2026
Expected Move
±$9.45
6.2% from close
Price Gap
+7.93
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.40
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects RJF 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 — RJF
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $160.00 (7.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$9.45
±6.2%
Days to Expiry
29
Calendar days
Total Call OI
575
Nearest expiry
Total Put OI
1,018
Nearest expiry
P/C OI Ratio
1.77
Put-heavy
Spot Price
$152.07
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$150.00
4/17/2026, 11:28:29 PM
2026-05-15
$155.00
5/15/2026, 11:30:24 PM
2026-06-18NextUpdated
$160.00
5/20/2026, 11:29:00 PM
2026-07-17
$150.00
5/20/2026, 11:29:00 PM
2026-08-21
$150.00
5/20/2026, 11:29:00 PM
2026-09-18
$145.00
5/20/2026, 11:29:00 PM
2026-11-20
$135.00
5/20/2026, 11:29:00 PM
2027-01-15
$150.00
5/20/2026, 11:29:00 PM
Selected expiration: 2026-06-18 at max pain $160.00.
RJF pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
2797000
2797000
125
0
2288500
2288500
135
0
1272500
1272500
140
0
789500
789500
145
0
408500
408500
150
0
254000
254000
155
1000
108500
109500
160
17500
0
17500
165
169000
0
169000
170
417000
0
417000
175
688000
0
688000
180
967500
0
967500
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.