QQQ
Invesco QQQ TrustClose $701.53EOD onlyThis page reflects QQQ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Nearest listed expiration 2026-05-20 shows max pain at $708.00 (6.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-05-18 | $705.00 | 5/14/2026, 11:32:50 PM |
| 2026-05-19Updated | $705.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-20Next | $708.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-21 | $710.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-22 | $700.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-26 | $714.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-27 | $710.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-28 | $710.00 | 5/19/2026, 11:35:34 PM |
| 2026-05-29 | $690.00 | 5/19/2026, 11:35:34 PM |
| 2026-06-05 | $695.00 | 5/19/2026, 11:35:34 PM |
| 2026-06-12 | $698.00 | 5/19/2026, 11:35:34 PM |
| 2026-06-18 | $655.00 | 5/19/2026, 11:35:34 PM |
| 2026-06-26 | $705.00 | 5/19/2026, 11:35:34 PM |
| 2026-06-30 | $637.00 | 5/19/2026, 11:35:34 PM |
| 2026-07-17 | $685.00 | 5/19/2026, 11:35:34 PM |
| 2026-07-31 | $700.00 | 5/19/2026, 11:35:34 PM |
| 2026-08-21 | $660.00 | 5/19/2026, 11:35:34 PM |
| 2026-09-18 | $645.00 | 5/19/2026, 11:35:34 PM |
| 2026-09-30 | $650.00 | 5/19/2026, 11:35:34 PM |
| 2026-10-16 | $665.00 | 5/19/2026, 11:35:34 PM |
| 2026-12-18 | $620.00 | 5/19/2026, 11:35:34 PM |
| 2026-12-31 | $680.00 | 5/19/2026, 11:35:34 PM |
| 2027-01-15 | $610.00 | 5/19/2026, 11:35:34 PM |
| 2027-03-19 | $635.00 | 5/19/2026, 11:35:34 PM |
| 2027-03-31 | $655.00 | 5/19/2026, 11:35:34 PM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 490 | 0 | 3419785900 | 3419785900 |
| 535 | 0 | 2578087900 | 2578087900 |
| 540 | 0 | 2484706400 | 2484706400 |
| 545 | 0 | 2393156900 | 2393156900 |
| 550 | 0 | 2303098400 | 2303098400 |
| 555 | 0 | 2213041900 | 2213041900 |
| 560 | 0 | 2122985900 | 2122985900 |
| 570 | 0 | 1942878900 | 1942878900 |
| 575 | 500 | 1852923900 | 1852924400 |
| 580 | 3000 | 1762969900 | 1762972900 |
| 585 | 5500 | 1673040400 | 1673045900 |
| 590 | 9000 | 1583115400 | 1583124400 |
| 595 | 12500 | 1494880900 | 1494893400 |
| 600 | 16000 | 1409734900 | 1409750900 |
| 605 | 37000 | 1325156900 | 1325193900 |
| 610 | 58000 | 1242108900 | 1242166900 |
| 615 | 81000 | 1159107400 | 1159188400 |
| 620 | 122000 | 1076209400 | 1076331400 |
| 625 | 188500 | 993523900 | 993712400 |
| 630 | 258500 | 910895400 | 911153900 |
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
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.