This page reflects RY 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 — RY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $180.00 (7.22 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
±$8.72
±4.7%
Days to Expiry
29
Calendar days
Total Call OI
3,873
Nearest expiry
Total Put OI
3,332
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$187.22
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
$160.00
4/17/2026, 11:29:15 PM
2026-05-15
$175.00
5/15/2026, 11:34:23 PM
2026-06-18NextUpdated
$180.00
5/20/2026, 11:29:23 PM
2026-07-17
$175.00
5/20/2026, 11:29:23 PM
2026-10-16
$180.00
5/20/2026, 11:29:23 PM
2027-01-15
$150.00
5/20/2026, 11:29:23 PM
Selected expiration: 2026-06-18 at max pain $180.00.
RY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
17271500
17271500
150
0
8941500
8941500
155
0
7276000
7276000
160
0
5619000
5619000
165
8000
3972500
3980500
170
21000
2397000
2418000
175
336000
1179000
1515000
180
909000
321500
1230500
185
2088000
2000
2090000
190
3680000
0
3680000
195
5487500
0
5487500
200
7411000
0
7411000
210
11283000
0
11283000
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.