This page reflects ALKS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — ALKS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (9.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$4.03
±7.4%
Days to Expiry
15
Calendar days
Total Call OI
2,715
Nearest expiry
Total Put OI
709
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$54.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$38.00
5/15/2026, 11:02:54 PM
2026-06-18
$38.00
6/18/2026, 11:02:29 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:03:15 PM
2026-08-21
$45.00
7/3/2026, 11:03:15 PM
2026-11-20
$50.00
7/3/2026, 11:03:15 PM
2026-12-18
$30.00
7/3/2026, 11:03:15 PM
2027-01-15
$35.00
7/3/2026, 11:03:15 PM
2027-02-19
$45.00
7/3/2026, 11:03:15 PM
Selected expiration: 2026-07-17 at max pain $45.00.
ALKS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1042200
1042200
33
300
832500
832800
35
500
693100
693600
36
2000
648400
650400
37
3500
603700
607200
38
6100
560500
566600
39
8900
517300
526200
40
12100
474100
486200
41
26500
436000
462500
42
41200
397900
439100
43
57100
359900
417000
44
73900
322000
395900
45
91900
284200
376100
46
259800
251400
511200
47
431300
218700
650000
48
602900
186500
789400
49
776000
154300
930300
50
949900
128000
1077900
55
2161900
500
2162400
60
3514900
0
3514900
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.