This page reflects QBTS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — QBTS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $24.00 (1.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$2.42
±10.8%
Days to Expiry
8
Calendar days
Total Call OI
10,354
Nearest expiry
Total Put OI
5,565
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$22.53
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$24.00
6/26/2026, 11:24:55 PM
2026-07-02
$24.00
7/2/2026, 11:29:15 PM
2026-07-10NextUpdated
$24.00
7/3/2026, 11:25:27 PM
2026-07-17
$25.00
7/3/2026, 11:25:27 PM
2026-07-24
$24.00
7/3/2026, 11:25:27 PM
2026-07-31
$24.00
7/3/2026, 11:25:27 PM
2026-08-07
$21.00
7/3/2026, 11:25:27 PM
2026-08-21
$24.00
7/3/2026, 11:25:27 PM
2026-09-18
$25.00
7/3/2026, 11:25:27 PM
2026-10-16
$26.00
7/3/2026, 11:25:27 PM
2026-11-20
$25.00
7/3/2026, 11:25:27 PM
2027-01-15
$17.00
7/3/2026, 11:25:27 PM
2027-03-19
$22.00
7/3/2026, 11:25:27 PM
Selected expiration: 2026-07-10 at max pain $24.00.
QBTS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
4126450
4126450
15
0
3580450
3580450
16
4500
3049350
3053850
16.5
7000
2788800
2795800
17
9500
2528350
2537850
17.5
12300
2272300
2284600
18
15100
2016500
2031600
18.5
22000
1763900
1785900
19
28900
1511550
1540450
19.5
41700
1272450
1314150
20
54500
1033950
1088450
20.5
72200
894700
966900
21
91800
759700
851500
21.5
114250
642100
756350
22
138950
535850
674800
22.5
173650
444950
618600
23
212650
362600
575250
23.5
261950
293800
555750
24
319700
233050
552750
24.5
403000
185950
588950
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.