This page reflects RZLV 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 — RZLV
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $3.00 (0.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.00
Nearest expiry
Expected Move
±$0.12
±5.1%
Days to Expiry
3
Calendar days
Total Call OI
41,693
Nearest expiry
Total Put OI
21,105
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$2.45
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
2026-08-07
$2.50
8/7/2026, 11:30:35 PM
2026-08-14
$2.50
8/14/2026, 11:28:22 PM
2026-08-21NextUpdated
$3.00
8/18/2026, 11:31:48 PM
2026-08-28
$2.50
8/18/2026, 11:31:48 PM
2026-09-04
$2.50
8/18/2026, 11:31:48 PM
2026-09-11
$3.00
8/18/2026, 11:31:48 PM
2026-09-18
$4.00
8/18/2026, 11:31:48 PM
2026-09-25
$3.00
8/18/2026, 11:31:48 PM
2026-10-02
$3.00
8/18/2026, 11:31:48 PM
2026-11-20
$2.50
8/18/2026, 11:31:48 PM
2027-01-15
$2.50
8/18/2026, 11:31:48 PM
2027-02-19
$2.00
8/18/2026, 11:31:48 PM
Selected expiration: 2026-08-21 at max pain $3.00.
RZLV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
5104050
5104050
1
450
4048800
4049250
1.5
19250
2994900
3014150
2
64450
1978300
2042750
2.5
291000
1045300
1336300
3
769800
436500
1206300
3.5
1930750
99800
2030550
4
3450650
55700
3506350
4.5
5091000
22950
5113950
5
6801050
12350
6813400
5.5
8742500
8250
8750750
6
10715350
6400
10721750
7
14738950
3600
14742550
8
18818050
800
18818850
9
22914950
0
22914950
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.