(RLY)
Max Pain By Strike
RLY trades at $30.32, 26.3% above the near-term max pain of $24 expiring Sep 19, 2025 (16 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($23-$25), signaling increased put positioning or downside protection. Key magnetic zone at 24 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for RLY shows a downward trend from 25 to 23, indicating bearish sentiment or hedging activity. The 8% spread suggests strong consensus on fair value. Most levels below 30.32 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 24 | -6.32 (-20.86%) |
| Oct 17, 2025 | 23 | -7.32 (-24.15%) |
| Jan 16, 2026 | 24 | -6.32 (-20.86%) |
| Apr 17, 2026 | 25 | -5.32 (-17.56%) |