This page reflects RVTY 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 — RVTY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $90.00 (4.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$8.55
±9.0%
Days to Expiry
29
Calendar days
Total Call OI
312
Nearest expiry
Total Put OI
182
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$94.80
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
$85.00
4/17/2026, 11:25:55 PM
2026-05-15
$90.00
5/15/2026, 11:34:06 PM
2026-06-18NextUpdated
$90.00
5/20/2026, 11:26:42 PM
2026-07-17
$90.00
5/20/2026, 11:26:42 PM
2026-09-18
$105.00
5/20/2026, 11:26:42 PM
2026-12-18
$85.00
5/20/2026, 11:26:42 PM
Selected expiration: 2026-06-18 at max pain $90.00.
RVTY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
636000
636000
60
0
459000
459000
65
500
370500
371000
70
1000
282000
283000
75
4000
198000
202000
80
12500
130000
142500
85
39500
81000
120500
90
73500
34500
108000
95
110000
13000
123000
100
167500
2000
169500
105
261500
500
262000
110
365000
0
365000
115
473500
0
473500
120
582000
0
582000
125
706500
0
706500
130
858500
0
858500
135
1010500
0
1010500
140
1162500
0
1162500
145
1316500
0
1316500
150
1472000
0
1472000
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.