This page reflects ALKS 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 — ALKS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $35.00 (1.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.65
±9.9%
Days to Expiry
29
Calendar days
Total Call OI
1,994
Nearest expiry
Total Put OI
181
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$36.98
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
$33.00
4/17/2026, 11:01:49 PM
2026-05-15
$38.00
5/15/2026, 11:02:54 PM
2026-06-18NextUpdated
$35.00
5/20/2026, 11:01:51 PM
2026-08-21
$35.00
5/20/2026, 11:01:51 PM
2026-11-20
$31.00
5/20/2026, 11:01:51 PM
2026-12-18
$30.00
5/20/2026, 11:01:51 PM
2027-01-15
$35.00
5/20/2026, 11:01:51 PM
Selected expiration: 2026-06-18 at max pain $35.00.
ALKS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
202000
202000
26
100
184000
184100
27
200
166100
166300
28
300
148300
148600
30
500
112900
113400
31
600
95700
96300
32
700
80500
81200
33
900
65300
66200
34
1200
50500
51700
35
7700
35800
43500
36
22500
23800
46300
37
123400
13100
136500
38
230600
7000
237600
39
398700
1900
400600
40
568500
0
568500
41
763800
0
763800
42
961400
0
961400
45
1557200
0
1557200
50
2553700
0
2553700
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.