This page reflects ALGM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — ALGM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (4.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.73
±9.4%
Days to Expiry
14
Calendar days
Total Call OI
3,459
Nearest expiry
Total Put OI
1,027
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$39.53
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$40.00
8/21/2026, 11:02:39 PM
2026-09-18
$35.00
9/18/2026, 11:02:18 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:01:57 PM
2026-11-20
$35.00
10/2/2026, 11:01:57 PM
2027-01-15
$35.00
10/2/2026, 11:01:57 PM
2027-02-19
$32.50
10/2/2026, 11:01:57 PM
2027-05-21
$35.00
10/2/2026, 11:01:57 PM
2027-08-20
$32.50
10/2/2026, 11:01:57 PM
Selected expiration: 2026-10-16 at max pain $35.00.
ALGM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
977000
977000
25
2250
729500
731750
27.5
4500
484250
488750
30
6750
263250
270000
32.5
9250
135250
144500
35
12500
32500
45000
37.5
259000
9000
268000
40
631500
3750
635250
42.5
1415500
1250
1416750
45
2258500
500
2259000
47.5
3180750
250
3181000
50
4109000
0
4109000
55
5993000
0
5993000
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.