This page reflects RPM 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 — RPM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (10.55 below 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
±$3.72
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
441
Nearest expiry
Total Put OI
243
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$110.55
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
$105.00
6/18/2026, 11:29:13 PM
2026-07-17
$105.00
7/17/2026, 11:31:03 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:28:48 PM
2026-09-18
$100.00
8/18/2026, 11:28:48 PM
2026-11-20
$95.00
8/18/2026, 11:28:48 PM
2027-02-19
$100.00
8/18/2026, 11:28:48 PM
Selected expiration: 2026-08-21 at max pain $100.00.
RPM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
785000
785000
65
500
663500
664000
75
1500
421500
423000
80
2000
304500
306500
85
2500
199000
201500
90
3000
103500
106500
95
3500
57500
61000
100
14000
19000
33000
105
42500
4500
47000
110
73500
1000
74500
115
184500
0
184500
120
309000
0
309000
125
458000
0
458000
130
635500
0
635500
135
854500
0
854500
140
1073500
0
1073500
145
1292500
0
1292500
150
1511500
0
1511500
160
1952500
0
1952500
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.