This page reflects RNR 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 — RNR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $260.00 (66.29 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$4.45
±1.4%
Days to Expiry
15
Calendar days
Total Call OI
162
Nearest expiry
Total Put OI
99
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$326.29
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
$270.00
5/15/2026, 11:32:25 PM
2026-06-18
$290.00
6/18/2026, 11:29:44 PM
2026-07-17NextUpdated
$260.00
7/3/2026, 11:27:11 PM
2026-08-21
$280.00
7/3/2026, 11:27:11 PM
2026-10-16
$300.00
7/3/2026, 11:27:11 PM
2027-01-15
$280.00
7/3/2026, 11:27:11 PM
Selected expiration: 2026-07-17 at max pain $260.00.
RNR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
897000
897000
160
500
848500
849000
165
1000
801000
802000
170
2000
754500
756500
175
3000
708500
711500
180
4000
665000
669000
195
7000
537500
544500
220
14500
325000
339500
230
17500
245000
262500
240
20500
166000
186500
250
28500
92000
120500
260
36500
20000
56500
270
50500
11000
61500
280
64500
6000
70500
290
80500
3000
83500
300
143500
1000
144500
310
213500
0
213500
320
299500
0
299500
330
389500
0
389500
340
490500
0
490500
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.