Raymond James Financial, Inc.Close $179.30EOD only
Max Pain
$160.00
Next expiry Aug 21, 2026
Expected Move
±$3.52
2.0% from close
Price Gap
-19.30
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.32
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — RJF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $160.00 (19.30 below 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
±$3.52
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
2,398
Nearest expiry
Total Put OI
1,020
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$179.30
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
2026-06-18
$150.00
6/18/2026, 11:30:45 PM
2026-07-17
$150.00
7/17/2026, 11:35:15 PM
2026-08-21NextUpdated
$160.00
8/18/2026, 11:37:02 PM
2026-09-18
$175.00
8/18/2026, 11:37:02 PM
2026-11-20
$150.00
8/18/2026, 11:37:02 PM
2027-01-15
$165.00
8/18/2026, 11:37:02 PM
2027-02-19
$140.00
8/18/2026, 11:37:02 PM
Selected expiration: 2026-08-21 at max pain $160.00.
RJF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
5619000
5619000
105
0
4607000
4607000
110
0
4102000
4102000
115
0
3598000
3598000
120
0
3094000
3094000
125
0
2590000
2590000
130
500
2087500
2088000
135
1000
1595000
1596000
140
1500
1108500
1110000
145
5000
751000
756000
150
10500
395500
406000
155
73500
240500
314000
160
148000
95000
243000
165
320500
54500
375000
170
662500
20500
683000
175
1059500
5000
1064500
180
1781000
1500
1782500
185
2616000
0
2616000
190
3588500
0
3588500
195
4755000
0
4755000
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.