This page reflects ALGM 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 — ALGM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (5.61 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.17
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
4,627
Nearest expiry
Total Put OI
5,174
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$39.39
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
$45.00
6/18/2026, 11:02:22 PM
2026-07-17
$55.00
7/17/2026, 11:02:23 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:03:19 PM
2026-09-18
$50.00
8/18/2026, 11:03:19 PM
2026-11-20
$45.00
8/18/2026, 11:03:19 PM
2027-01-15
$40.00
8/18/2026, 11:03:19 PM
2027-02-19
$32.50
8/18/2026, 11:03:19 PM
2027-05-21
$35.00
8/18/2026, 11:03:19 PM
Selected expiration: 2026-08-21 at max pain $45.00.
ALGM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
12261250
12261250
17.5
3000
11044000
11047000
20
6000
9830000
9836000
22.5
10250
8616000
8626250
25
16500
7432500
7449000
27.5
27250
6258500
6285750
30
40500
5104500
5145000
32.5
62750
3961500
4024250
35
95750
2928500
3024250
37.5
137750
2066750
2204500
40
193750
1296250
1490000
42.5
339750
876000
1215750
45
528250
494000
1022250
47.5
821500
284250
1105750
50
1178500
134000
1312500
52.5
1594000
77750
1671750
55
2076000
38250
2114250
57.5
2674000
12750
2686750
60
3285750
1750
3287500
62.5
4112500
1000
4113500
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.