This page reflects QBTS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — QBTS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $21.00 (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
$21.00
Nearest expiry
Expected Move
±$1.19
±6.1%
Days to Expiry
3
Calendar days
Total Call OI
49,369
Nearest expiry
Total Put OI
25,947
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$19.53
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$19.00
8/7/2026, 11:28:43 PM
2026-08-14
$19.50
8/14/2026, 11:32:41 PM
2026-08-21NextUpdated
$21.00
8/18/2026, 11:31:08 PM
2026-08-28
$20.50
8/18/2026, 11:31:08 PM
2026-09-04
$20.50
8/18/2026, 11:31:08 PM
2026-09-11
$19.50
8/18/2026, 11:31:08 PM
2026-09-18
$22.00
8/18/2026, 11:31:08 PM
2026-09-25
$20.50
8/18/2026, 11:31:08 PM
2026-10-02
$18.00
8/18/2026, 11:31:08 PM
2026-10-16
$21.00
8/18/2026, 11:31:08 PM
2026-11-20
$23.00
8/18/2026, 11:31:08 PM
2027-01-15
$17.00
8/18/2026, 11:31:08 PM
2027-03-19
$20.00
8/18/2026, 11:31:08 PM
Selected expiration: 2026-08-21 at max pain $21.00.
QBTS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
23915650
23915650
11
500
21335950
21336450
11.5
1100
20047700
20048800
12
2000
18763450
18765450
12.5
3150
17483800
17486950
13
4900
16213200
16218100
14
9100
13719200
13728300
14.5
13750
12493650
12507400
15
19950
11271200
11291150
15.5
31350
10164850
10196200
16
43350
9063650
9107000
16.5
59050
7994200
8053250
17
79850
6932600
7012450
17.5
130650
5924550
6055200
18
192750
4949100
5141850
18.5
304350
4146850
4451200
19
424700
3403100
3827800
19.5
623450
2731800
3355250
20
835150
2117050
2952200
20.5
1141600
1701500
2843100
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.