This page reflects RL 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 — RL
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $390.00 (10.69 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$390.00
Nearest expiry
Expected Move
±$10.25
±2.7%
Days to Expiry
4
Calendar days
Total Call OI
784
Nearest expiry
Total Put OI
1,847
Nearest expiry
P/C OI Ratio
2.36
Put-heavy
Spot Price
$379.31
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
$360.00
6/18/2026, 11:30:07 PM
2026-07-17
$380.00
7/17/2026, 11:29:24 PM
2026-08-21NextUpdated
$390.00
8/17/2026, 11:34:01 PM
2026-09-18
$370.00
8/17/2026, 11:34:01 PM
2026-10-16
$380.00
8/17/2026, 11:34:01 PM
2026-11-20
$400.00
8/17/2026, 11:34:01 PM
2027-01-15
$320.00
8/17/2026, 11:34:01 PM
Selected expiration: 2026-08-21 at max pain $390.00.
RL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
270
0
17416000
17416000
280
0
15579000
15579000
290
0
13744000
13744000
300
1000
11909000
11910000
310
2000
10123000
10125000
320
5000
8340000
8345000
330
10000
6597000
6607000
340
15000
4931000
4946000
350
20000
3477000
3497000
360
26000
2134000
2160000
370
32000
877000
909000
380
49000
335000
384000
390
131000
131000
262000
400
255000
25000
280000
410
402000
9000
411000
420
755000
5000
760000
430
1136000
2000
1138000
440
1778000
0
1778000
450
2439000
0
2439000
460
3107000
0
3107000
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.