This page reflects QBTS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — QBTS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $17.00 (1.23 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$1.08
±6.9%
Days to Expiry
7
Calendar days
Total Call OI
13,277
Nearest expiry
Total Put OI
4,248
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$15.77
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$17.00
9/25/2026, 11:24:29 PM
2026-10-02Updated
$17.00
10/2/2026, 11:27:30 PM
2026-10-09Next
$17.00
10/2/2026, 11:27:30 PM
2026-10-16
$20.00
10/2/2026, 11:27:30 PM
2026-10-23
$17.50
10/2/2026, 11:27:30 PM
2026-10-30
$16.50
10/2/2026, 11:27:30 PM
2026-11-06
$18.00
10/2/2026, 11:27:30 PM
2026-11-20
$20.00
10/2/2026, 11:27:30 PM
2027-01-15
$17.00
10/2/2026, 11:27:30 PM
2027-03-19
$18.00
10/2/2026, 11:27:30 PM
2027-04-16
$16.00
10/2/2026, 11:27:30 PM
Selected expiration: 2026-10-09 at max pain $17.00.
QBTS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
5808800
5808800
10
100
4981900
4982000
11
700
4155000
4155700
12
1300
3328100
3329400
12.5
1900
2921850
2923750
13
2550
2516300
2518850
13.5
3300
2121350
2124650
14
4150
1733500
1737650
14.5
5400
1354850
1360250
15
8850
994150
1003000
15.5
15100
661450
676550
16
27100
365850
392950
16.5
62250
200300
262550
17
182650
80150
262800
17.5
413300
41750
455050
18
684550
23300
707850
18.5
1117900
16150
1134050
19
1594800
10600
1605400
19.5
2123950
7450
2131400
20
2676350
5400
2681750
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.