This page reflects QNST 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 — QNST
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (3.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.35
±6.5%
Days to Expiry
3
Calendar days
Total Call OI
197
Nearest expiry
Total Put OI
239
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$20.76
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, 11:28:41 PM
2026-07-17
$12.50
7/17/2026, 11:29:22 PM
2026-08-21NextUpdated
$17.50
8/18/2026, 11:27:02 PM
2026-09-18
$12.50
8/18/2026, 11:27:02 PM
2026-12-18
$12.50
8/18/2026, 11:27:02 PM
2027-03-19
$15.00
8/18/2026, 11:27:02 PM
Selected expiration: 2026-08-21 at max pain $17.50.
QNST pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
332500
332500
5
250
272750
273000
7.5
500
213750
214250
10
750
155500
156250
12.5
1250
98250
99500
15
1750
42000
43750
17.5
11250
19500
30750
20
45750
3000
48750
22.5
91250
1500
92750
25
140250
0
140250
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.