Restaurant Brands InternationalClose $74.79EOD only
Max Pain
$72.50
Next expiry Jul 17, 2026
Expected Move
±$2.75
3.7% from close
Price Gap
-2.29
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.21
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — QSR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $72.50 (2.29 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
±$2.75
±3.7%
Days to Expiry
15
Calendar days
Total Call OI
35,831
Nearest expiry
Total Put OI
3,884
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$74.79
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$77.50
5/15/2026, 11:33:14 PM
2026-06-18
$75.00
6/18/2026, 11:30:16 PM
2026-07-17NextUpdated
$72.50
7/3/2026, 11:25:56 PM
2026-08-21
$70.00
7/3/2026, 11:25:56 PM
2026-10-16
$75.00
7/3/2026, 11:25:56 PM
2027-01-15
$60.00
7/3/2026, 11:25:56 PM
2027-06-17
$65.00
7/3/2026, 11:25:56 PM
Selected expiration: 2026-07-17 at max pain $72.50.
QSR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
9904500
9904500
50
0
6992250
6992250
55
0
5060750
5060750
57.5
0
4100250
4100250
60
0
3178750
3178750
62.5
0
2265000
2265000
65
0
1683750
1683750
67.5
0
1124750
1124750
70
21000
620000
641000
72.5
162000
254000
416000
75
598250
21750
620000
77.5
4716750
3750
4720500
80
9004000
2500
9006500
82.5
17532750
1250
17534000
85
26079000
0
26079000
87.5
35001500
0
35001500
90
43927000
0
43927000
100
79646000
0
79646000
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.