This page reflects ALG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — ALG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $150.00 (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
$150.00
Nearest expiry
Expected Move
±$8.62
±5.7%
Days to Expiry
29
Calendar days
Total Call OI
1,693
Nearest expiry
Total Put OI
46
Nearest expiry
P/C OI Ratio
0.03
Put-heavy
Spot Price
$152.16
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
$135.00
4/17/2026, 11:01:53 PM
2026-05-15
$160.00
5/15/2026, 11:02:41 PM
2026-06-18NextUpdated
$150.00
5/20/2026, 11:01:49 PM
2026-07-17
$115.00
5/20/2026, 11:01:49 PM
2026-09-18
$160.00
5/20/2026, 11:01:49 PM
2026-12-18
$150.00
5/20/2026, 11:01:49 PM
Selected expiration: 2026-06-18 at max pain $150.00.
ALG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
111000
111000
125
500
89000
89500
130
1000
68000
69000
135
1500
48500
50000
140
2000
30000
32000
145
2500
14500
17000
150
3000
6500
9500
155
403500
4000
407500
160
804000
2000
806000
165
1604500
500
1605000
170
2406000
0
2406000
175
3209500
0
3209500
180
4015000
0
4015000
185
4822500
0
4822500
190
5631500
0
5631500
195
6442500
0
6442500
200
7254500
0
7254500
210
8931500
0
8931500
220
10619500
0
10619500
230
12310500
0
12310500
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.