This page reflects ALMS 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 — ALMS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $16.00 (10.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$2.55
±9.6%
Days to Expiry
15
Calendar days
Total Call OI
1,227
Nearest expiry
Total Put OI
423
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$26.50
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
$23.00
5/15/2026, 11:02:22 PM
2026-06-18
$21.00
6/18/2026, 11:02:33 PM
2026-07-17NextUpdated
$16.00
7/3/2026, 11:02:13 PM
2026-08-21
$21.00
7/3/2026, 11:02:13 PM
2026-09-18
$17.00
7/3/2026, 11:02:13 PM
2026-10-16
$25.00
7/3/2026, 11:02:13 PM
2026-12-18
$17.00
7/3/2026, 11:02:13 PM
2027-01-15
$21.00
7/3/2026, 11:02:13 PM
Selected expiration: 2026-07-17 at max pain $16.00.
ALMS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
604300
604300
2
400
562000
562400
3
1100
519700
520800
4
2300
477400
479700
5
4300
435600
439900
6
9100
398300
407400
7
13900
361000
374900
8
21600
323700
345300
9
29300
286400
315700
10
37000
249400
286400
11
48400
228500
276900
12
60800
207800
268600
14
87000
166400
253400
15
100200
145700
245900
16
118700
125000
243700
17
138100
106000
244100
18
157600
87000
244600
19
177100
69200
246300
20
197200
54500
251700
21
218300
40600
258900
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.