This page reflects RY 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 — RY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $180.00 (24.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$7.62
±3.7%
Days to Expiry
15
Calendar days
Total Call OI
5,544
Nearest expiry
Total Put OI
3,289
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$204.79
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
$175.00
5/15/2026, 11:34:23 PM
2026-06-18
$180.00
6/18/2026, 11:30:03 PM
2026-07-17NextUpdated
$180.00
7/3/2026, 11:22:19 PM
2026-08-21
$200.00
7/3/2026, 11:22:19 PM
2026-10-16
$180.00
7/3/2026, 11:22:19 PM
2027-01-15
$170.00
7/3/2026, 11:22:19 PM
Selected expiration: 2026-07-17 at max pain $180.00.
RY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
26607000
26607000
110
0
21676500
21676500
115
0
20039500
20039500
120
0
18402500
18402500
125
0
16770000
16770000
130
0
15137500
15137500
135
4500
13507000
13511500
140
10000
11876500
11886500
145
15500
10273500
10289000
150
23000
8674000
8697000
155
32000
7136000
7168000
160
57000
5671500
5728500
165
112000
4524500
4636500
170
210500
3452000
3662500
175
378000
2450500
2828500
180
904000
1639000
2543000
185
1824500
971000
2795500
190
3028000
601500
3629500
195
4363000
357000
4720000
200
5778500
184000
5962500
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.