This page reflects ALGT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — ALGT
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (4.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$6.10
±8.1%
Days to Expiry
11
Calendar days
Total Call OI
1,012
Nearest expiry
Total Put OI
501
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$75.14
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$85.00
8/21/2026, 11:02:49 PM
2026-09-18
$80.00
9/18/2026, 11:02:29 PM
2026-10-16NextUpdated
$80.00
10/5/2026, 11:01:50 PM
2026-11-20
$70.00
10/5/2026, 11:01:50 PM
2027-01-15
$50.00
10/5/2026, 11:01:50 PM
2027-04-16
$60.00
10/5/2026, 11:01:50 PM
Selected expiration: 2026-10-16 at max pain $80.00.
ALGT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1453000
1453000
45
500
1202500
1203000
50
2000
967500
969500
55
3500
746500
750000
60
6000
568000
574000
65
8500
415000
423500
70
12000
282500
294500
75
42500
164000
206500
80
80000
62500
142500
85
133000
38500
171500
90
196500
33500
230000
95
314500
30500
345000
100
440500
27500
468000
105
603500
24500
628000
110
871000
22000
893000
115
1165500
20000
1185500
120
1498500
18000
1516500
125
1917500
16000
1933500
130
2364500
14000
2378500
135
2814000
12000
2826000
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.