This page reflects ALMS 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 — ALMS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $22.00 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$4.10
±18.6%
Days to Expiry
29
Calendar days
Total Call OI
484
Nearest expiry
Total Put OI
201
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$22.04
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
$20.00
4/17/2026, 11:02:40 PM
2026-05-15
$23.00
5/15/2026, 11:02:22 PM
2026-06-18NextUpdated
$22.00
5/20/2026, 11:02:38 PM
2026-07-17
$10.00
5/20/2026, 11:02:38 PM
2026-10-16
$25.00
5/20/2026, 11:02:38 PM
2026-12-18
$17.00
5/20/2026, 11:02:38 PM
2027-01-15
$17.00
5/20/2026, 11:02:38 PM
Selected expiration: 2026-06-18 at max pain $22.00.
ALMS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
96400
96400
18
0
39700
39700
20
0
14300
14300
22
0
700
700
23
1000
500
1500
25
92400
100
92500
26
138700
0
138700
27
185100
0
185100
29
278700
0
278700
31
374100
0
374100
33
469700
0
469700
34
517700
0
517700
35
565900
0
565900
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.