This page reflects RL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — RL
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $360.00 (5.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$15.55
±4.3%
Days to Expiry
11
Calendar days
Total Call OI
1,667
Nearest expiry
Total Put OI
1,492
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$365.54
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$380.00
8/21/2026, 11:28:21 PM
2026-09-18
$340.00
9/18/2026, 11:27:35 PM
2026-10-16NextUpdated
$360.00
10/5/2026, 11:27:32 PM
2026-11-20
$360.00
10/5/2026, 11:27:32 PM
2027-01-15
$330.00
10/5/2026, 11:27:32 PM
2027-04-16
$330.00
10/5/2026, 11:27:32 PM
2027-06-17
$330.00
10/5/2026, 11:27:32 PM
Selected expiration: 2026-10-16 at max pain $360.00.
RL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
19311000
19311000
195
0
18565000
18565000
200
0
17819000
17819000
210
0
16327000
16327000
220
0
14835000
14835000
230
0
13343000
13343000
240
0
11858000
11858000
250
1000
10384000
10385000
260
2000
8943000
8945000
270
3000
7530000
7533000
280
4000
6135000
6139000
290
6000
4794000
4800000
300
8000
3727000
3735000
310
13000
2685000
2698000
320
19000
1670000
1689000
330
25000
1163000
1188000
340
49000
742000
791000
350
87000
411000
498000
360
155000
210000
365000
370
1018000
107000
1125000
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.