This page reflects RNG 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 — RNG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $52.50 (12.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$2.95
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
1,740
Nearest expiry
Total Put OI
1,851
Nearest expiry
P/C OI Ratio
1.06
Put-heavy
Spot Price
$65.19
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
2026-08-07
$59.00
8/7/2026, 11:31:05 PM
2026-08-14
$61.00
8/14/2026, 11:28:27 PM
2026-08-21NextUpdated
$52.50
8/18/2026, 11:33:37 PM
2026-08-28
$60.00
8/18/2026, 11:33:37 PM
2026-09-04
$64.00
8/18/2026, 11:33:37 PM
2026-09-11
$60.00
8/18/2026, 11:33:37 PM
2026-09-18
$55.00
8/18/2026, 11:33:37 PM
2026-09-25
$75.00
8/18/2026, 11:33:37 PM
2026-10-02
$52.00
8/18/2026, 11:33:37 PM
2026-10-16
$40.00
8/18/2026, 11:33:37 PM
2027-01-15
$50.00
8/18/2026, 11:33:37 PM
Selected expiration: 2026-08-21 at max pain $52.50.
RNG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
5318650
5318650
22.5
0
4857150
4857150
25
0
4396650
4396650
30
500
3476150
3476650
32
700
3111350
3112050
33
800
2929450
2930250
34
900
2748650
2749550
35
1000
2568250
2569250
36
1100
2389450
2390550
37
1200
2211150
2212350
37.5
1250
2122300
2123550
38
1300
2034100
2035400
38.5
1500
1946800
1948300
39
1750
1862200
1863950
40
2350
1699600
1701950
41
7950
1541400
1549350
42
14450
1383600
1398050
43
23250
1225800
1249050
44
32150
1069700
1101850
45
41050
913800
954850
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.