This page reflects QGEN 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 — QGEN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (2.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.15
±7.4%
Days to Expiry
3
Calendar days
Total Call OI
52,088
Nearest expiry
Total Put OI
5,813
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$42.32
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
$35.00
6/18/2026, 11:27:19 PM
2026-07-17
$40.00
7/17/2026, 11:34:12 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:26:47 PM
2026-09-18
$45.00
8/18/2026, 11:26:47 PM
2026-11-20
$45.00
8/18/2026, 11:26:47 PM
2026-12-18
$40.00
8/18/2026, 11:26:47 PM
2027-02-19
$35.00
8/18/2026, 11:26:47 PM
Selected expiration: 2026-08-21 at max pain $40.00.
QGEN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
6469750
6469750
22.5
250
5027250
5027500
25
500
3587000
3587500
30
1000
711500
712500
35
7500
352000
359500
40
48500
114000
162500
45
11346000
32000
11378000
50
34836000
6000
34842000
55
59229000
3000
59232000
60
85259000
0
85259000
65
111341500
0
111341500
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.