This page reflects RMBS 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 — RMBS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (6.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$5.07
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
20,028
Nearest expiry
Total Put OI
15,894
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$93.71
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
$135.00
6/18/2026, 11:30:02 PM
2026-07-17
$115.00
7/17/2026, 11:35:52 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:29:44 PM
2026-09-18
$95.00
8/18/2026, 11:29:44 PM
2026-11-20
$110.00
8/18/2026, 11:29:44 PM
2027-01-15
$100.00
8/18/2026, 11:29:44 PM
2027-02-19
$105.00
8/18/2026, 11:29:44 PM
Selected expiration: 2026-08-21 at max pain $100.00.
RMBS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
69736000
69736000
50
20000
65849250
65869250
55
63000
58174750
58237750
60
111000
50657750
50768750
65
160500
43349750
43510250
70
215500
36333250
36548750
75
289500
29487750
29777250
80
385000
23028250
23413250
82.5
443000
20193750
20636750
85
509250
17401500
17910750
87.5
618750
14901000
15519750
90
808500
12437250
13245750
92.5
1049500
10230500
11280000
95
1305500
8094750
9400250
97.5
1591750
6257000
7848750
100
1911750
4454500
6366250
105
2935750
3643000
6578750
110
4382750
2950500
7333250
115
6530750
2365000
8895750
120
8797250
1914000
10711250
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.