This page reflects ALC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — ALC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $67.50 (2.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.50
Nearest expiry
Expected Move
±$3.05
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
1,304
Nearest expiry
Total Put OI
1,436
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$69.66
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$75.00
5/15/2026, 11:02:35 PM
2026-06-18
$65.00
6/18/2026, 11:02:51 PM
2026-07-17NextUpdated
$67.50
7/3/2026, 11:02:40 PM
2026-08-21
$70.00
7/3/2026, 11:02:40 PM
2026-11-20
$62.50
7/3/2026, 11:02:40 PM
2026-12-18
$75.00
7/3/2026, 11:02:40 PM
2027-01-15
$65.00
7/3/2026, 11:02:40 PM
2027-06-17
$77.50
7/3/2026, 11:02:40 PM
Selected expiration: 2026-07-17 at max pain $67.50.
ALC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1470000
1470000
57.5
4000
1111000
1115000
60
8500
756500
765000
62.5
14500
414750
429250
65
33250
153500
186750
67.5
80000
29250
109250
70
206000
250
206250
72.5
521250
0
521250
75
845500
0
845500
85
2149500
0
2149500
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.