This page reflects RRC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — RRC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $38.00 (4.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.00
Nearest expiry
Expected Move
±$3.52
±8.4%
Days to Expiry
29
Calendar days
Total Call OI
9,386
Nearest expiry
Total Put OI
8,102
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$42.08
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$41.00
4/17/2026, 11:25:35 PM
2026-05-15
$35.00
5/15/2026, 11:34:59 PM
2026-06-18NextUpdated
$38.00
5/20/2026, 11:28:02 PM
2026-07-17
$36.00
5/20/2026, 11:28:02 PM
2026-09-18
$41.00
5/20/2026, 11:28:02 PM
2026-12-18
$40.00
5/20/2026, 11:28:02 PM
2027-01-15
$37.00
5/20/2026, 11:28:02 PM
Selected expiration: 2026-06-18 at max pain $38.00.
RRC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
14458600
14458600
25
1000
10407600
10408600
28
1600
7978200
7979800
29
1800
7169300
7171100
30
2000
6361100
6363100
31
2200
5556600
5558800
32
2400
4768400
4770800
33
5300
3982900
3988200
34
9200
3199400
3208600
35
13400
2449200
2462600
36
429200
2004800
2434000
37
850400
1561900
2412300
38
1279300
1132000
2411300
39
1738400
713500
2451900
40
2402400
519300
2921700
41
3083800
384900
3468700
42
3768100
261700
4029800
43
4480300
154500
4634800
44
5215700
84900
5300600
45
5988100
26000
6014100
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.