This page reflects QUBT 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 — QUBT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (1.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.47
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
75,348
Nearest expiry
Total Put OI
36,423
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$8.52
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
2026-08-07
$8.50
8/7/2026, 11:31:22 PM
2026-08-14
$9.00
8/14/2026, 11:33:42 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:35:43 PM
2026-08-28
$9.00
8/18/2026, 11:35:43 PM
2026-09-04
$9.50
8/18/2026, 11:35:43 PM
2026-09-11
$7.00
8/18/2026, 11:35:43 PM
2026-09-18
$10.00
8/18/2026, 11:35:43 PM
2026-09-25
$8.00
8/18/2026, 11:35:43 PM
2026-10-02
$11.50
8/18/2026, 11:35:43 PM
2026-10-16
$9.00
8/18/2026, 11:35:43 PM
2026-11-20
$10.00
8/18/2026, 11:35:43 PM
2026-12-18
$9.00
8/18/2026, 11:35:43 PM
2027-01-15
$10.00
8/18/2026, 11:35:43 PM
Selected expiration: 2026-08-21 at max pain $10.00.
QUBT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
29069850
29069850
2
100
25427550
25427650
3
300
21785350
21785650
4
500
18158150
18158650
5
900
14531250
14532150
5.5
2650
12726450
12729100
6
4400
10922800
10927200
6.5
6250
9390900
9397150
7
13150
7880200
7893350
7.5
22700
6445750
6468450
8
37800
5090900
5128700
8.5
161350
3902850
4064200
9
314700
2800250
3114950
9.5
662300
1849250
2511550
10
1176650
913050
2089700
10.5
2279500
739300
3018800
11
3454800
569400
4024200
11.5
4760650
480650
5241300
12
6100200
392750
6492950
12.5
7593700
328750
7922450
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.