This page reflects ALGM 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 — ALGM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.50 (1.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$7.10
±16.0%
Days to Expiry
29
Calendar days
Total Call OI
3,174
Nearest expiry
Total Put OI
854
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$44.33
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
$30.00
4/17/2026, 11:03:02 PM
2026-05-15
$40.00
5/15/2026, 11:03:02 PM
2026-06-18NextUpdated
$42.50
5/20/2026, 11:02:09 PM
2026-07-17
$40.00
5/20/2026, 11:02:09 PM
2026-08-21
$37.50
5/20/2026, 11:02:09 PM
2026-11-20
$35.00
5/20/2026, 11:02:09 PM
2027-01-15
$30.00
5/20/2026, 11:02:09 PM
2027-02-19
$27.50
5/20/2026, 11:02:09 PM
Selected expiration: 2026-06-18 at max pain $42.50.
ALGM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
1198500
1198500
25
0
990500
990500
30
0
593500
593500
32.5
500
400750
401250
35
1000
216000
217000
37.5
1500
140000
141500
40
2750
73000
75750
42.5
27000
33250
60250
45
58000
11500
69500
47.5
520750
1250
522000
50
1020750
0
1020750
52.5
1684500
0
1684500
55
2366000
0
2366000
57.5
3062000
0
3062000
60
3804750
0
3804750
65
5318750
0
5318750
70
6870750
0
6870750
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.