This page reflects RRC 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 — RRC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $39.00 (1.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$39.00
Nearest expiry
Expected Move
±$1.90
±5.0%
Days to Expiry
15
Calendar days
Total Call OI
5,324
Nearest expiry
Total Put OI
1,082
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$37.81
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
$35.00
5/15/2026, 11:34:59 PM
2026-06-18
$35.00
6/18/2026, 11:35:03 PM
2026-07-17NextUpdated
$39.00
7/3/2026, 11:28:12 PM
2026-08-21
$36.00
7/3/2026, 11:28:12 PM
2026-09-18
$40.00
7/3/2026, 11:28:12 PM
2026-12-18
$45.00
7/3/2026, 11:28:12 PM
2027-01-15
$37.00
7/3/2026, 11:28:12 PM
Selected expiration: 2026-07-17 at max pain $39.00.
RRC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
32
0
675800
675800
33
0
567700
567700
34
0
471500
471500
35
1200
376200
377400
36
3000
282200
285200
37
15000
198100
213100
38
40700
118600
159300
39
73900
41300
115200
40
143000
3900
146900
41
244500
1100
245600
42
353700
0
353700
43
471700
0
471700
44
596700
0
596700
45
740000
0
740000
46
911200
0
911200
47
1425800
0
1425800
48
1943500
0
1943500
49
2464400
0
2464400
50
2994300
0
2994300
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.