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 Reliance options about one week from expiration was $414.59. The chart above shows the exact max pain for each expiration date.

Reliance closed above its near-term max pain on 20 of the last 20 trading days. On Nov 4, 2026 it closed at $441.71, 6.5% above max pain of $414.59.

Over the last 20 trading days, near-term max pain for Reliance ranged from $386.57 to $418.67. It went from $390.42 on Oct 8, 2026 to $414.59 on Nov 4, 2026. See the RS max pain history for a longer view.

Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company.