This page reflects RLAY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — RLAY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $19.00 (0.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$2.15
±11.3%
Days to Expiry
14
Calendar days
Total Call OI
1,589
Nearest expiry
Total Put OI
1,076
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$18.96
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
$20.00
8/21/2026, 11:25:23 PM
2026-09-18
$18.00
9/18/2026, 11:27:17 PM
2026-10-16NextUpdated
$19.00
10/2/2026, 11:26:56 PM
2026-11-20
$18.00
10/2/2026, 11:26:56 PM
2026-12-18
$19.00
10/2/2026, 11:26:56 PM
2027-03-19
$17.00
10/2/2026, 11:26:56 PM
Selected expiration: 2026-10-16 at max pain $19.00.
RLAY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
347600
347600
15
0
240200
240200
16
0
136200
136200
17
0
42000
42000
18
300
14400
14700
19
600
7000
7600
20
60000
1300
61300
21
178700
600
179300
22
301800
0
301800
23
428400
0
428400
24
555600
0
555600
25
711000
0
711000
26
867900
0
867900
28
1184500
0
1184500
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.