CBOE: QUAL · Real-Time Price · USD
187.57
-0.53 (-0.28%)
At close: Aug 19, 2025, 12:06 PM

Max Pain By Strike

QUAL trades at $187.57, 7.2% above the near-term max pain of $175 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($150-$680), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for QUAL shows a downward trend from 680 to 150, indicating bearish sentiment or hedging activity. The 208% spread signals divergent expectations across timeframes. Most levels below 187.57 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.

Max Pain Table

Expiration Date Max Pain Max Pain vs Current Price
Sep 19, 2025 175 -12.57 (-6.70%)
Oct 17, 2025 176 -11.57 (-6.17%)
Dec 19, 2025 171 -16.57 (-8.83%)
Jan 16, 2026 150 -37.57 (-20.03%)
Apr 17, 2026 177 -10.57 (-5.64%)
Dec 18, 2026 680 492.43 (262.53%)