This page reflects RNR 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 — RNR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $310.00 (15.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$11.80
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
403
Nearest expiry
Total Put OI
41
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$325.53
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
$300.00
8/21/2026, 11:31:35 PM
2026-09-18
$330.00
9/18/2026, 11:28:48 PM
2026-10-16NextUpdated
$310.00
10/2/2026, 11:27:09 PM
2027-01-15
$300.00
10/2/2026, 11:27:09 PM
2027-04-16
$250.00
10/2/2026, 11:27:09 PM
2027-05-21
$300.00
10/2/2026, 11:27:09 PM
Selected expiration: 2026-10-16 at max pain $310.00.
RNR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
401500
401500
180
0
381000
381000
185
0
361000
361000
190
0
341000
341000
195
0
321500
321500
200
0
303000
303000
210
0
271000
271000
220
0
239000
239000
230
0
210000
210000
240
0
181000
181000
250
3000
154000
157000
260
8000
127000
135000
280
18000
75000
93000
290
24000
49000
73000
300
30000
25000
55000
310
36000
15000
51000
320
55000
7000
62000
330
85000
3000
88000
340
133000
1000
134000
350
187000
0
187000
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.