This page reflects ALMS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — ALMS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (0.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$4.07
±16.4%
Days to Expiry
3
Calendar days
Total Call OI
3,401
Nearest expiry
Total Put OI
1,001
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$24.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$21.00
6/18/2026, 11:02:33 PM
2026-07-17
$19.00
7/17/2026, 11:02:36 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:03:23 PM
2026-09-18
$27.00
8/18/2026, 11:03:23 PM
2026-10-16
$25.00
8/18/2026, 11:03:23 PM
2026-12-18
$17.00
8/18/2026, 11:03:23 PM
2027-01-15
$20.00
8/18/2026, 11:03:23 PM
Selected expiration: 2026-08-21 at max pain $25.00.
ALMS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
818400
818400
15
0
720300
720300
16
0
623400
623400
18
0
430200
430200
19
0
334500
334500
20
100
239600
239700
21
300
183300
183600
22
600
133900
134500
23
3200
94000
97200
24
5900
64100
70000
25
8700
42300
51000
26
26400
30200
56600
27
57300
18500
75800
28
90200
8800
99000
29
143000
4400
147400
30
196700
0
196700
31
497900
0
497900
33
1102500
0
1102500
34
1404900
0
1404900
35
1707600
0
1707600
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.