This page reflects ALGT 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 — ALGT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (18.30 above 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
±$5.03
±6.2%
Days to Expiry
3
Calendar days
Total Call OI
886
Nearest expiry
Total Put OI
951
Nearest expiry
P/C OI Ratio
1.07
Put-heavy
Spot Price
$81.70
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
2026-06-18
$75.00
6/18/2026, 11:02:07 PM
2026-07-17
$90.00
7/17/2026, 11:02:23 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:02:24 PM
2026-09-18
$90.00
8/18/2026, 11:02:24 PM
2026-10-16
$55.00
8/18/2026, 11:02:24 PM
2027-01-15
$50.00
8/18/2026, 11:02:24 PM
Selected expiration: 2026-08-21 at max pain $100.00.
ALGT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1817500
1817500
60
1000
1206500
1207500
65
1500
901500
903000
70
2000
599500
601500
75
2500
475000
477500
80
3000
355500
358500
85
4500
254500
259000
90
7000
167000
174000
95
35000
82500
117500
100
63500
5500
69000
105
95000
2500
97500
110
133000
1000
134000
115
173500
0
173500
120
234500
0
234500
125
310500
0
310500
130
484500
0
484500
135
676500
0
676500
140
876500
0
876500
145
1077500
0
1077500
150
1280500
0
1280500
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.