Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Quanta Services options about one week from expiration was $620.00. The chart above shows the exact max pain for each expiration date.

Quanta Services closed above its near-term max pain on 9 of the last 20 trading days. On Nov 4, 2026 it closed at $580.51, 6.4% below max pain of $620.00.

Over the last 20 trading days, near-term max pain for Quanta Services ranged from $620.00 to $669.37. It went from $650.07 on Oct 8, 2026 to $620.00 on Nov 4, 2026. See the PWR max pain history for a longer view.

Quanta Services is a leading specialty contractor serving customers across the utility, telecom, oil and gas, and renewable energy markets.