This page reflects ALGN 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 — ALGN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $175.00 (7.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$5.12
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
1,876
Nearest expiry
Total Put OI
1,135
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$167.91
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
2026-08-07
$170.00
8/7/2026, 11:02:48 PM
2026-08-14
$172.50
8/14/2026, 11:01:52 PM
2026-08-21NextUpdated
$175.00
8/18/2026, 11:02:20 PM
2026-08-28
$170.00
8/18/2026, 11:02:20 PM
2026-09-04
$170.00
8/18/2026, 11:02:20 PM
2026-09-11
$170.00
8/18/2026, 11:02:20 PM
2026-09-18
$170.00
8/18/2026, 11:02:20 PM
2026-10-02
$180.00
8/18/2026, 11:02:20 PM
2026-10-16
$180.00
8/18/2026, 11:02:20 PM
2026-12-18
$150.00
8/18/2026, 11:02:20 PM
2027-01-15
$170.00
8/18/2026, 11:02:20 PM
2027-03-19
$160.00
8/18/2026, 11:02:20 PM
2027-06-17
$160.00
8/18/2026, 11:02:20 PM
Selected expiration: 2026-08-21 at max pain $175.00.
ALGN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
7140250
7140250
125
0
4317750
4317750
135
0
3213750
3213750
140
0
2663250
2663250
145
4000
2119750
2123750
150
8000
1588250
1596250
152.5
10000
1363250
1373250
155
12000
1139500
1151500
157.5
16500
952750
969250
160
21000
768000
789000
162.5
28000
597250
625250
165
35000
428500
463500
167.5
43000
295250
338250
170
52000
193500
245500
172.5
65750
120250
186000
175
82500
77500
160000
177.5
110250
50750
161000
180
139750
26750
166500
182.5
196000
13750
209750
185
309500
2000
311500
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.