This page reflects ALGT 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 — ALGT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (12.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$11.80
±15.3%
Days to Expiry
29
Calendar days
Total Call OI
540
Nearest expiry
Total Put OI
223
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$77.09
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$75.00
4/17/2026, 11:01:55 PM
2026-05-15
$80.00
5/15/2026, 11:02:50 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:02:10 PM
2026-07-17
$75.00
5/20/2026, 11:02:10 PM
2026-10-16
$50.00
5/20/2026, 11:02:10 PM
Selected expiration: 2026-06-18 at max pain $65.00.
ALGT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
297500
297500
50
500
186500
187000
55
1000
127500
128500
60
1500
78500
80000
65
2000
42000
44000
70
42000
24000
66000
75
85500
12000
97500
80
132500
4500
137000
85
214000
0
214000
90
304000
0
304000
95
405500
0
405500
100
507500
0
507500
110
1032500
0
1032500
115
1300000
0
1300000
130
2105500
0
2105500
135
2375000
0
2375000
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.