This page reflects ALC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — ALC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (3.55 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
±$1.93
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
7,694
Nearest expiry
Total Put OI
3,094
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$73.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$65.00
6/18/2026, 11:02:51 PM
2026-07-17
$67.50
7/17/2026, 11:02:00 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:02:11 PM
2026-09-18
$72.50
8/18/2026, 11:02:11 PM
2026-11-20
$70.00
8/18/2026, 11:02:11 PM
2026-12-18
$72.50
8/18/2026, 11:02:11 PM
2027-01-15
$65.00
8/18/2026, 11:02:11 PM
2027-02-19
$67.50
8/18/2026, 11:02:11 PM
2027-06-17
$77.50
8/18/2026, 11:02:11 PM
Selected expiration: 2026-08-21 at max pain $70.00.
ALC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
6613000
6613000
50
2000
5069000
5071000
55
4000
3549000
3553000
57.5
5500
2790750
2796250
60
7000
2044750
2051750
62.5
13500
1316750
1330250
65
24000
622500
646500
67.5
56250
389500
445750
70
127500
191750
319250
72.5
292000
88000
380000
75
516500
31750
548250
77.5
1833000
0
1833000
80
3214250
0
3214250
82.5
5065250
0
5065250
85
6937500
0
6937500
87.5
8816000
0
8816000
90
10707000
0
10707000
92.5
12616500
0
12616500
95
14526000
0
14526000
100
18354000
0
18354000
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.