This page reflects QLYS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — QLYS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (5.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$11.35
±11.3%
Days to Expiry
29
Calendar days
Total Call OI
1,785
Nearest expiry
Total Put OI
954
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$100.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$80.00
4/17/2026, 11:25:04 PM
2026-05-15
$85.00
5/15/2026, 11:31:51 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:26:19 PM
2026-09-18
$95.00
5/20/2026, 11:26:19 PM
2026-12-18
$80.00
5/20/2026, 11:26:19 PM
Selected expiration: 2026-06-18 at max pain $95.00.
QLYS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
3526500
3526500
60
500
3051000
3051500
65
1000
2577500
2578500
70
1500
2109000
2110500
75
5000
1647500
1652500
80
12000
1206000
1218000
85
69000
783000
852000
90
134500
516500
651000
95
210000
266000
476000
100
306500
177000
483500
105
433000
133500
566500
110
585500
93500
679000
115
757500
53500
811000
120
1401000
13500
1414500
125
2201000
12000
2213000
130
3004500
10500
3015000
135
3860000
9000
3869000
140
4734000
7500
4741500
145
5610500
6000
5616500
150
6492500
4500
6497000
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.