This page reflects RZLV 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 — RZLV
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $2.00 (0.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.00
Nearest expiry
Expected Move
±$0.18
±7.1%
Days to Expiry
2
Calendar days
Total Call OI
10,561
Nearest expiry
Total Put OI
3,751
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$2.48
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$2.50
5/8/2026, 11:28:41 PM
2026-05-15
$3.00
5/15/2026, 11:38:01 PM
2026-05-22NextUpdated
$2.00
5/20/2026, 11:29:17 PM
2026-05-29
$2.00
5/20/2026, 11:29:17 PM
2026-06-05
$2.50
5/20/2026, 11:29:17 PM
2026-06-12
$2.50
5/20/2026, 11:29:17 PM
2026-06-18
$2.50
5/20/2026, 11:29:17 PM
2026-06-26
$2.50
5/20/2026, 11:29:17 PM
2026-07-17
$4.00
5/20/2026, 11:29:17 PM
2026-08-21
$3.00
5/20/2026, 11:29:17 PM
2026-11-20
$1.00
5/20/2026, 11:29:17 PM
2027-01-15
$2.50
5/20/2026, 11:29:17 PM
Selected expiration: 2026-05-22 at max pain $2.00.
RZLV pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
754200
754200
1
350
566650
567000
1.5
950
379150
380100
2
3000
191700
194700
2.5
212950
16500
229450
3
494350
4150
498500
3.5
940300
2150
942450
4
1433800
1600
1435400
4.5
1960100
1200
1961300
5
2487950
800
2488750
5.5
3015950
400
3016350
6
3543950
0
3543950
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.