This page reflects RPD 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 — RPD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (5.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$1.23
±9.7%
Days to Expiry
3
Calendar days
Total Call OI
8,603
Nearest expiry
Total Put OI
4,725
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$12.59
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
$6.00
6/18/2026, 11:34:13 PM
2026-07-17
$8.00
7/17/2026, 11:30:59 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:28:10 PM
2026-09-18
$9.00
8/18/2026, 11:28:10 PM
2026-11-20
$7.00
8/18/2026, 11:28:10 PM
2026-12-18
$15.00
8/18/2026, 11:28:10 PM
2027-01-15
$7.00
8/18/2026, 11:28:10 PM
2027-02-19
$9.00
8/18/2026, 11:28:10 PM
Selected expiration: 2026-08-21 at max pain $7.00.
RPD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3206500
3206500
2
1600
2734000
2735600
3
4400
2261800
2266200
4
7400
1790900
1798300
5
10800
1320900
1331700
6
14900
875900
890800
7
156200
694100
850300
8
334700
528400
863100
9
536000
400600
936600
10
853700
300100
1153800
11
1216900
212200
1429100
12
1696700
134000
1830700
13
2201800
62600
2264400
14
2864400
3800
2868200
15
3537800
1700
3539500
16
4237500
600
4238100
17
4957500
500
4958000
18
5757100
400
5757500
19
6580100
300
6580400
20
7405100
200
7405300
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.