This page reflects RL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — RL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $400.00 (1.78 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$21.55
±5.4%
Days to Expiry
15
Calendar days
Total Call OI
954
Nearest expiry
Total Put OI
2,396
Nearest expiry
P/C OI Ratio
2.51
Put-heavy
Spot Price
$398.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$360.00
5/15/2026, 11:33:32 PM
2026-06-18
$360.00
6/18/2026, 11:30:07 PM
2026-07-17NextUpdated
$400.00
7/3/2026, 11:25:07 PM
2026-08-21
$400.00
7/3/2026, 11:25:07 PM
2026-10-16
$420.00
7/3/2026, 11:25:07 PM
2026-11-20
$350.00
7/3/2026, 11:25:07 PM
2027-01-15
$330.00
7/3/2026, 11:25:07 PM
Selected expiration: 2026-07-17 at max pain $400.00.
RL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
37601500
37601500
185
0
36404000
36404000
190
500
35206500
35207000
195
1000
34009000
34010000
200
1500
32813000
32814500
210
2500
30427000
30429500
220
3500
28049000
28052500
230
4500
25678000
25682500
240
5500
23307000
23312500
250
6500
20968000
20974500
260
7500
18651000
18658500
270
8500
16439000
16447500
280
17500
14235000
14252500
290
31500
12045000
12076500
300
45500
10137000
10182500
310
64500
8734000
8798500
320
85500
7452000
7537500
330
121500
6211000
6332500
340
205500
5015000
5220500
350
306500
3832000
4138500
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.