This page reflects RRC 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 — RRC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.00 (2.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$1.25
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
8,941
Nearest expiry
Total Put OI
1,191
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$39.86
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
$35.00
6/18/2026, 11:35:03 PM
2026-07-17
$37.00
7/17/2026, 11:30:52 PM
2026-08-21NextUpdated
$37.00
8/18/2026, 11:39:27 PM
2026-09-18
$38.00
8/18/2026, 11:39:27 PM
2026-12-18
$40.00
8/18/2026, 11:39:27 PM
2027-01-15
$37.00
8/18/2026, 11:39:27 PM
2027-03-19
$34.00
8/18/2026, 11:39:27 PM
Selected expiration: 2026-08-21 at max pain $37.00.
RRC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
31
0
632800
632800
32
400
514000
514400
33
1200
396100
397300
34
2000
278700
280700
35
3400
183300
186700
36
12000
92200
104200
37
32600
60600
93200
38
66600
32900
99500
39
148200
17200
165400
40
299600
6800
306400
41
595600
2500
598100
42
1309000
0
1309000
43
2093700
0
2093700
44
2979800
0
2979800
45
3870000
0
3870000
46
4761700
0
4761700
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.