This page reflects QXO 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 — QXO
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $18.00 (0.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.72
±4.2%
Days to Expiry
2
Calendar days
Total Call OI
5,024
Nearest expiry
Total Put OI
4,025
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$17.23
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
$19.50
5/8/2026, 11:28:09 PM
2026-05-15
$19.00
5/15/2026, 11:32:31 PM
2026-05-22NextUpdated
$18.00
5/20/2026, 11:28:21 PM
2026-05-29
$18.00
5/20/2026, 11:28:21 PM
2026-06-05
$18.00
5/20/2026, 11:28:21 PM
2026-06-12
$18.50
5/20/2026, 11:28:21 PM
2026-06-18
$20.00
5/20/2026, 11:28:21 PM
2026-06-26
$17.50
5/20/2026, 11:28:21 PM
2026-07-17
$19.00
5/20/2026, 11:28:21 PM
2026-08-21
$23.00
5/20/2026, 11:28:21 PM
2026-09-18
$17.00
5/20/2026, 11:28:21 PM
2026-10-16
$35.00
5/20/2026, 11:28:21 PM
2026-11-20
$35.00
5/20/2026, 11:28:21 PM
2027-01-15
$20.00
5/20/2026, 11:28:21 PM
Selected expiration: 2026-05-22 at max pain $18.00.
QXO pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
2307000
2307000
13
300
1904900
1905200
14
700
1503000
1503700
14.5
1300
1302050
1303350
15
1900
1101350
1103250
15.5
10500
903750
914250
16
22350
720200
742550
16.5
47250
554550
601800
17
82350
428500
510850
17.5
145200
317450
462650
18
221100
223450
444550
18.5
327500
154650
482150
19
462400
106700
569100
19.5
609100
70750
679850
20
769700
46500
816200
20.5
946650
40900
987550
21
1127550
35900
1163450
21.5
1317200
31750
1348950
22
1511050
28750
1539800
22.5
1721400
26350
1747750
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.