This page reflects ALGT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — ALGT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $100.00 (18.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$5.00
±4.2%
Days to Expiry
15
Calendar days
Total Call OI
1,306
Nearest expiry
Total Put OI
2,355
Nearest expiry
P/C OI Ratio
1.80
Put-heavy
Spot Price
$118.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$80.00
5/15/2026, 11:02:50 PM
2026-06-18
$75.00
6/18/2026, 11:02:07 PM
2026-07-17NextUpdated
$100.00
7/3/2026, 11:02:17 PM
2026-08-21
$120.00
7/3/2026, 11:02:17 PM
2026-10-16
$50.00
7/3/2026, 11:02:17 PM
2027-01-15
$80.00
7/3/2026, 11:02:17 PM
Selected expiration: 2026-07-17 at max pain $100.00.
ALGT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
5081500
5081500
40
500
3904000
3904500
45
1000
3479000
3480000
50
1500
3056500
3058000
55
2000
2634000
2636000
60
5000
2229000
2234000
65
8500
1849000
1857500
70
47500
1477500
1525000
75
90000
1149000
1239000
80
140500
874500
1015000
85
196000
652000
848000
90
286000
451000
737000
95
410500
299500
710000
100
547000
157000
704000
105
758500
103500
862000
110
995000
57000
1052000
115
1248000
12500
1260500
120
1835500
8000
1843500
125
2438500
3500
2442000
130
3057500
2000
3059500
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.