Restaurant Brands InternationalClose $76.56EOD only
Max Pain
$72.50
Next expiry Aug 21, 2026
Expected Move
±$1.25
1.6% from close
Price Gap
-4.06
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.45
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects QSR 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 — QSR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $72.50 (4.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$72.50
Nearest expiry
Expected Move
±$1.25
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
8,346
Nearest expiry
Total Put OI
1,604
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$76.56
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
$75.00
6/18/2026, 11:30:16 PM
2026-07-17
$72.50
7/17/2026, 11:29:10 PM
2026-08-21NextUpdated
$72.50
8/18/2026, 11:37:00 PM
2026-09-18
$75.00
8/18/2026, 11:37:00 PM
2026-10-16
$75.00
8/18/2026, 11:37:00 PM
2027-01-15
$62.50
8/18/2026, 11:37:00 PM
2027-06-17
$67.50
8/18/2026, 11:37:00 PM
Selected expiration: 2026-08-21 at max pain $72.50.
QSR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
4562000
4562000
55
0
2557000
2557000
60
0
1756500
1756500
65
14500
987000
1001500
67.5
22000
649750
671750
70
29500
331500
361000
72.5
166250
92750
259000
75
516750
13750
530500
77.5
1165500
5750
1171250
80
2528250
500
2528750
82.5
4375000
250
4375250
85
6458250
0
6458250
90
10628750
0
10628750
95
14799750
0
14799750
100
18971750
0
18971750
115
31489250
0
31489250
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.