This page reflects ALHC 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 — ALHC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (4.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.12
±8.5%
Days to Expiry
3
Calendar days
Total Call OI
11,111
Nearest expiry
Total Put OI
869
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$13.23
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
$15.00
6/18/2026, 11:02:56 PM
2026-07-17
$25.00
7/17/2026, 11:02:25 PM
2026-08-21NextUpdated
$17.50
8/18/2026, 11:02:16 PM
2026-09-18
$15.00
8/18/2026, 11:02:16 PM
2026-11-20
$17.50
8/18/2026, 11:02:16 PM
2026-12-18
$15.00
8/18/2026, 11:02:16 PM
2027-01-15
$15.00
8/18/2026, 11:02:16 PM
2027-02-19
$12.50
8/18/2026, 11:02:16 PM
Selected expiration: 2026-08-21 at max pain $17.50.
ALHC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1146250
1146250
5
1000
929500
930500
7.5
2000
713250
715250
10
3000
499250
502250
12.5
4750
314750
319500
15
11500
163750
175250
17.5
56250
76500
132750
20
1164000
37250
1201250
22.5
3589500
0
3589500
25
6080250
0
6080250
30
11301750
0
11301750
35
16856250
0
16856250
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.