This page reflects QUBT 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 — QUBT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $10.50 (0.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.50
Nearest expiry
Expected Move
±$0.65
±6.8%
Days to Expiry
2
Calendar days
Total Call OI
33,904
Nearest expiry
Total Put OI
16,592
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$9.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$9.00
5/8/2026, 11:28:26 PM
2026-05-15
$10.00
5/15/2026, 11:33:33 PM
2026-05-22NextUpdated
$10.50
5/20/2026, 11:27:17 PM
2026-05-29
$10.00
5/20/2026, 11:27:17 PM
2026-06-05
$11.00
5/20/2026, 11:27:17 PM
2026-06-12
$9.50
5/20/2026, 11:27:17 PM
2026-06-18
$11.00
5/20/2026, 11:27:17 PM
2026-06-26
$10.00
5/20/2026, 11:27:17 PM
2026-07-17
$11.00
5/20/2026, 11:27:17 PM
2026-10-16
$7.00
5/20/2026, 11:27:17 PM
2027-01-15
$10.00
5/20/2026, 11:27:17 PM
Selected expiration: 2026-05-22 at max pain $10.50.
QUBT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
12856350
12856350
3
1200
11197150
11198350
3.5
2350
10372600
10374950
4
4000
9548050
9552050
4.5
5950
8723500
8729450
5
8000
7898950
7906950
5.5
10200
7074850
7085050
6
12550
6251250
6263800
6.5
16300
5429350
5445650
7
23250
4610850
4634100
7.5
30900
3798800
3829700
8
44800
3010650
3055450
8.5
79700
2252950
2332650
9
126650
1580950
1707600
9.5
190000
1167300
1357300
10
299050
818500
1117550
10.5
512100
540250
1052350
11
853950
380300
1234250
11.5
1326100
282400
1608500
12
1887450
210450
2097900
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.