This page reflects AGL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — AGL
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (10.57 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$17.90
±22.2%
Days to Expiry
28
Calendar days
Total Call OI
500
Nearest expiry
Total Put OI
397
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$80.57
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$2.00
4/17/2026, 11:01:47 PM
2026-05-15
$40.00
5/15/2026, 11:02:41 PM
2026-06-18NextUpdated
$70.00
5/21/2026, 11:01:39 PM
2026-07-17
$3.00
5/21/2026, 11:01:39 PM
2026-10-16
$35.00
5/21/2026, 11:01:39 PM
2027-01-15
$4.50
5/21/2026, 11:01:39 PM
Selected expiration: 2026-06-18 at max pain $70.00.
AGL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
1271200
1271200
15
0
1233000
1233000
16
0
1199100
1199100
21
0
1031600
1031600
23
400
964600
965000
24
600
931400
932000
25
800
898300
899100
26
1000
867400
868400
28
1600
805600
807200
29
2100
774800
776900
30
2600
744100
746700
31
3100
713600
716700
32
3600
683200
686800
33
4100
652900
657000
34
4700
622600
627300
35
5400
592400
597800
36
6200
564600
570800
37
7100
536800
543900
38
8000
509200
517200
39
9400
481600
491000
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.