This page reflects QTWO 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 — QTWO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (7.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$1.23
±2.3%
Days to Expiry
15
Calendar days
Total Call OI
192
Nearest expiry
Total Put OI
97
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$52.63
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
$70.00
5/15/2026, 11:35:38 PM
2026-06-18
$45.00
6/18/2026, 11:28:47 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:26:49 PM
2026-08-21
$50.00
7/3/2026, 11:26:49 PM
2026-11-20
$50.00
7/3/2026, 11:26:49 PM
2027-02-19
$22.50
7/3/2026, 11:26:49 PM
Selected expiration: 2026-07-17 at max pain $45.00.
QTWO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
111000
111000
30
0
75500
75500
35
0
42500
42500
40
0
11000
11000
45
2500
4500
7000
50
19500
0
19500
55
86500
0
86500
60
173500
0
173500
65
268500
0
268500
70
364000
0
364000
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.