This page reflects ALKS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — ALKS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (3.25 above 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
±$2.73
±6.5%
Days to Expiry
14
Calendar days
Total Call OI
1,178
Nearest expiry
Total Put OI
4,154
Nearest expiry
P/C OI Ratio
3.53
Put-heavy
Spot Price
$41.75
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
$45.00
8/21/2026, 11:03:10 PM
2026-09-18
$47.00
9/18/2026, 11:02:14 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:02:28 PM
2026-11-20
$45.00
10/2/2026, 11:02:28 PM
2026-12-18
$42.00
10/2/2026, 11:02:28 PM
2027-01-15
$35.00
10/2/2026, 11:02:28 PM
2027-02-19
$41.00
10/2/2026, 11:02:28 PM
2027-05-21
$40.00
10/2/2026, 11:02:28 PM
Selected expiration: 2026-10-16 at max pain $45.00.
ALKS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
3590900
3590900
38
1200
2375900
2377100
39
2700
1972200
1974900
40
4200
1570000
1574200
41
6900
1193500
1200400
42
19600
824600
844200
43
33300
456700
490000
44
66300
88800
155100
45
99700
30900
130600
46
144600
11600
156200
47
192900
600
193500
48
242300
400
242700
49
306400
200
306600
50
370600
0
370600
55
943600
0
943600
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.