Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for OR Royalties options about one week from expiration was $35.00. The chart above shows the exact max pain for each expiration date.

OR Royalties closed above its near-term max pain on 2 of the last 20 trading days. On Nov 4, 2026 it closed at $34.51, 1.4% below max pain of $35.00.

Over the last 20 trading days, near-term max pain for OR Royalties ranged from $35.00 to $35.00. It went from $35.00 on Oct 8, 2026 to $35.00 on Nov 4, 2026. See the OR max pain history for a longer view.

OR Royalties Inc is engaged in the business of acquiring and managing precious metal and other high-quality royalties, streams and similar interests.