This page reflects QFIN 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 — QFIN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.50 (0.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$0.88
±7.3%
Days to Expiry
3
Calendar days
Total Call OI
14,635
Nearest expiry
Total Put OI
1,306
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$12.06
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
2026-06-18
$12.50
6/18/2026, 11:28:02 PM
2026-07-17
$12.50
7/17/2026, 11:29:41 PM
2026-08-21NextUpdated
$12.50
8/18/2026, 11:26:57 PM
2026-09-18
$12.50
8/18/2026, 11:26:57 PM
2026-11-20
$12.50
8/18/2026, 11:26:57 PM
2026-12-18
$17.50
8/18/2026, 11:26:57 PM
2027-02-19
$12.50
8/18/2026, 11:26:57 PM
Selected expiration: 2026-08-21 at max pain $12.50.
QFIN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1259250
1259250
5
0
932750
932750
7.5
500
606750
607250
10
1000
289750
290750
12.5
58000
19000
77000
15
387500
0
387500
17.5
3805250
0
3805250
20
7377250
0
7377250
22.5
10980500
0
10980500
25
14630750
0
14630750
30
21936250
0
21936250
35
29252750
0
29252750
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.