This page reflects ALGN 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 — ALGN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $170.00 (6.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$5.10
±3.1%
Days to Expiry
2
Calendar days
Total Call OI
732
Nearest expiry
Total Put OI
1,184
Nearest expiry
P/C OI Ratio
1.62
Put-heavy
Spot Price
$163.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$180.00
5/8/2026, 11:02:29 PM
2026-05-15
$170.00
5/15/2026, 11:02:17 PM
2026-05-22NextUpdated
$170.00
5/20/2026, 11:02:14 PM
2026-05-29
$170.00
5/20/2026, 11:02:14 PM
2026-06-05
$160.00
5/20/2026, 11:02:14 PM
2026-06-12
$170.00
5/20/2026, 11:02:14 PM
2026-06-18
$160.00
5/20/2026, 11:02:14 PM
2026-06-26
$160.00
5/20/2026, 11:02:14 PM
2026-07-17
$170.00
5/20/2026, 11:02:14 PM
2026-09-18
$175.00
5/20/2026, 11:02:14 PM
2026-10-16
$190.00
5/20/2026, 11:02:14 PM
2026-12-18
$150.00
5/20/2026, 11:02:14 PM
2027-01-15
$170.00
5/20/2026, 11:02:14 PM
2027-03-19
$155.00
5/20/2026, 11:02:14 PM
Selected expiration: 2026-05-22 at max pain $170.00.
ALGN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
4971800
4971800
110
0
3788800
3788800
115
0
3355300
3355300
120
0
2975800
2975800
130
0
2219800
2219800
131
700
2145300
2146000
133
2100
1997500
1999600
135
3500
1850500
1854000
144
9800
1194400
1204200
145
10500
1125400
1135900
149
13300
851400
864700
150
14000
784000
798000
152.5
19750
622250
642000
155
25500
482000
507500
157.5
31750
371000
402750
160
39500
276500
316000
162.5
52250
219750
272000
165
77750
165250
243000
167.5
116250
116500
232750
170
159750
68500
228250
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.