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 Rivian Automotive options about one week from expiration was $13.00. The chart above shows the exact max pain for each expiration date.

Rivian Automotive closed above its near-term max pain on 3 of the last 20 trading days. On Nov 4, 2026 it closed at $14.06, 8.2% above max pain of $13.00.

Over the last 20 trading days, near-term max pain for Rivian Automotive ranged from $12.50 to $15.00. It went from $14.93 on Oct 8, 2026 to $13.00 on Nov 4, 2026. See the RIVN max pain history for a longer view.

Rivian is a battery electric vehicle automaker that sells its vehicles in the US and Canada.