Restaurant Brands InternationalClose $76.53EOD only
Max Pain
$77.50
Next expiry Jun 18, 2026
Expected Move
±$3.88
5.1% from close
Price Gap
+0.97
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.33
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — QSR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $77.50 (0.97 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$3.88
±5.1%
Days to Expiry
29
Calendar days
Total Call OI
4,633
Nearest expiry
Total Put OI
788
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$76.53
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$70.00
4/17/2026, 11:27:00 PM
2026-05-15
$77.50
5/15/2026, 11:33:14 PM
2026-06-18NextUpdated
$77.50
5/20/2026, 11:28:00 PM
2026-07-17
$72.50
5/20/2026, 11:28:00 PM
2026-10-16
$72.50
5/20/2026, 11:28:00 PM
2027-01-15
$60.00
5/20/2026, 11:28:00 PM
Selected expiration: 2026-06-18 at max pain $77.50.
QSR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
1233500
1233500
65
0
840500
840500
67.5
0
647500
647500
70
0
462000
462000
72.5
500
288250
288750
75
8500
130250
138750
77.5
75500
53250
128750
80
259500
11500
271000
82.5
674500
5500
680000
85
1351750
0
1351750
87.5
2497000
0
2497000
90
3651250
0
3651250
95
5965750
0
5965750
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.