This page reflects QLYS 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 — QLYS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $170.00 (23.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$15.00
±7.8%
Days to Expiry
14
Calendar days
Total Call OI
1,077
Nearest expiry
Total Put OI
900
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$193.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$125.00
8/21/2026, 11:24:22 PM
2026-09-18
$115.00
9/18/2026, 11:28:07 PM
2026-10-16NextUpdated
$170.00
10/2/2026, 11:21:42 PM
2026-11-20
$170.00
10/2/2026, 11:21:42 PM
2026-12-18
$130.00
10/2/2026, 11:21:42 PM
2027-03-19
$190.00
10/2/2026, 11:21:42 PM
Selected expiration: 2026-10-16 at max pain $170.00.
QLYS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
2001500
2001500
140
500
1561000
1561500
145
1500
1130000
1131500
150
3000
719500
722500
155
8500
344500
353000
160
14500
230000
244500
165
23000
124000
147000
170
37000
58500
95500
175
79500
31000
110500
180
138000
12000
150000
185
222500
5500
228000
190
325500
1500
327000
195
444500
0
444500
200
580000
0
580000
210
907000
0
907000
220
1391000
0
1391000
230
2468000
0
2468000
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.