This page reflects QXO 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 — QXO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.50 (2.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.50
Nearest expiry
Expected Move
±$0.60
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
87,781
Nearest expiry
Total Put OI
27,687
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$13.50
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
$14.00
8/7/2026, 11:33:24 PM
2026-08-14
$14.50
8/14/2026, 11:32:33 PM
2026-08-21NextUpdated
$15.50
8/18/2026, 11:27:19 PM
2026-08-28
$15.00
8/18/2026, 11:27:19 PM
2026-09-04
$15.00
8/18/2026, 11:27:19 PM
2026-09-11
$15.00
8/18/2026, 11:27:19 PM
2026-09-18
$15.00
8/18/2026, 11:27:19 PM
2026-09-25
$14.50
8/18/2026, 11:27:19 PM
2026-10-02
$17.00
8/18/2026, 11:27:19 PM
2026-10-16
$15.00
8/18/2026, 11:27:19 PM
2026-11-20
$20.00
8/18/2026, 11:27:19 PM
2027-01-15
$17.00
8/18/2026, 11:27:19 PM
2027-02-19
$17.00
8/18/2026, 11:27:19 PM
2027-03-19
$15.00
8/18/2026, 11:27:19 PM
2027-06-17
$15.00
8/18/2026, 11:27:19 PM
Selected expiration: 2026-08-21 at max pain $15.50.
QXO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
20756600
20756600
9
0
17987900
17987900
10
0
15219500
15219500
10.5
26600
13870750
13897350
11
53400
12522600
12576000
11.5
80900
11223950
11304850
12
108500
9931650
10040150
12.5
137350
8776350
8913700
13
167500
7631450
7798950
13.5
206000
6615850
6821850
14
248000
5652450
5900450
14.5
474700
4858950
5333650
15
749450
4167250
4916700
15.5
1240550
3599450
4840000
16
1836250
3057800
4894050
16.5
2647100
2596150
5243250
17
3525800
2141250
5667050
17.5
4972650
1788100
6760750
18
6431450
1435050
7866500
18.5
8378450
1147950
9526400
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.