This page reflects ALMS 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 — ALMS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $10.00 (3.15 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.10
±16.1%
Days to Expiry
14
Calendar days
Total Call OI
12,382
Nearest expiry
Total Put OI
6,841
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$6.85
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
$25.00
8/21/2026, 11:02:08 PM
2026-09-18
$25.00
9/18/2026, 11:02:57 PM
2026-10-16NextUpdated
$10.00
10/2/2026, 11:02:46 PM
2026-11-20
$8.00
10/2/2026, 11:02:46 PM
2026-12-18
$9.00
10/2/2026, 11:02:46 PM
2027-01-15
$7.00
10/2/2026, 11:02:46 PM
2027-04-16
$9.00
10/2/2026, 11:02:46 PM
Selected expiration: 2026-10-16 at max pain $10.00.
ALMS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
5379900
5379900
5
1200
3327600
3328800
6
1600
2645500
2647100
7
2200
1964100
1966300
8
9900
1352300
1362200
9
65000
993400
1058400
10
160700
723200
883900
11
347400
673500
1020900
12
547500
631000
1178500
13
762800
593800
1356600
14
986100
556600
1542700
15
1222400
519400
1741800
16
1521100
483100
2004200
17
1819800
447000
2266800
18
2118500
411100
2529600
19
2417200
375200
2792400
20
2715900
341500
3057400
21
3016300
307800
3324100
22
3317200
274100
3591300
23
3618100
240400
3858500
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.