Rayonier Advanced Materials IncClose $8.39EOD only
Max Pain
$7.00
Next expiry Aug 21, 2026
Expected Move
±$0.82
9.8% from close
Price Gap
-1.39
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.40
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects RYAM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — RYAM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (1.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.82
±9.8%
Days to Expiry
3
Calendar days
Total Call OI
1,999
Nearest expiry
Total Put OI
3,080
Nearest expiry
P/C OI Ratio
1.54
Put-heavy
Spot Price
$8.39
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$9.00
6/18/2026, 11:27:42 PM
2026-07-17
$9.00
7/17/2026, 11:30:56 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:28:52 PM
2026-09-18
$8.00
8/18/2026, 11:28:52 PM
2026-11-20
$8.00
8/18/2026, 11:28:52 PM
2026-12-18
$5.00
8/18/2026, 11:28:52 PM
2027-02-19
$10.00
8/18/2026, 11:28:52 PM
Selected expiration: 2026-08-21 at max pain $7.00.
RYAM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1950400
1950400
2
0
1642400
1642400
3
200
1334400
1334600
4
500
1026400
1026900
5
800
718400
719200
6
1100
410800
411900
7
1500
103200
104700
8
77100
34800
111900
9
171700
0
171700
10
276400
0
276400
11
414100
0
414100
12
588300
0
588300
13
767200
0
767200
14
953100
0
953100
15
1140000
0
1140000
16
1326900
0
1326900
17
1514000
0
1514000
19
1913600
0
1913600
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.