This page reflects ALIT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — ALIT
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $1.50 (12.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1.50
Nearest expiry
Expected Move
±$0.57
±4.2%
Days to Expiry
2
Calendar days
Total Call OI
5,102
Nearest expiry
Total Put OI
20,564
Nearest expiry
P/C OI Ratio
4.03
Put-heavy
Spot Price
$13.77
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
$1.00
6/18/2026, 11:02:22 PM
2026-07-17
$1.00
7/17/2026, 11:03:24 PM
2026-08-21NextUpdated
$1.50
8/19/2026, 11:02:19 PM
2026-09-18
$17.00
8/19/2026, 11:02:19 PM
2026-11-20
$1.50
8/19/2026, 11:02:19 PM
2027-01-15
$1.00
8/19/2026, 11:02:19 PM
2027-02-19
$36.00
8/19/2026, 11:02:19 PM
Selected expiration: 2026-08-21 at max pain $1.50.
ALIT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
4707750
4707750
1
36300
3726350
3762650
1.5
144850
2749900
2894750
2
296850
2625600
2922450
3
672850
2383800
3056650
4
1060650
2142000
3202650
5
1483650
1900200
3383850
8
2760750
1176000
3936750
9
3186450
936100
4122550
10
3612150
696300
4308450
11
4037850
463900
4501750
12
4463550
232000
4695550
13
4889250
140000
5029250
14
5314950
52100
5367050
15
5740650
39700
5780350
16
6167350
31700
6199050
17
6594350
25300
6619650
18
7022050
21300
7043350
19
7450650
17600
7468250
20
7889450
14200
7903650
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.