This page reflects QLYS 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 — QLYS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (62.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$6.68
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
3,653
Nearest expiry
Total Put OI
1,079
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$187.98
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
$100.00
6/18/2026, 11:28:39 PM
2026-07-17
$120.00
7/17/2026, 11:34:39 PM
2026-08-21NextUpdated
$125.00
8/18/2026, 11:30:16 PM
2026-09-18
$115.00
8/18/2026, 11:30:16 PM
2026-12-18
$110.00
8/18/2026, 11:30:16 PM
2027-03-19
$190.00
8/18/2026, 11:30:16 PM
Selected expiration: 2026-08-21 at max pain $125.00.
QLYS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
8099500
8099500
65
0
7560000
7560000
70
500
7020500
7021000
75
1000
6484000
6485000
85
3000
5414000
5417000
90
4000
4879500
4883500
95
5000
4348000
4353000
100
6000
3820500
3826500
105
7000
3295500
3302500
110
8000
2777500
2785500
115
22500
2264000
2286500
120
54500
1759500
1814000
125
87500
1292500
1380000
130
566500
837000
1403500
135
1049500
682500
1732000
140
1534500
530000
2064500
145
2027500
439000
2466500
150
3072500
365500
3438000
155
4129500
297000
4426500
160
5211500
241000
5452500
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.