This page reflects ALMU options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — ALMU
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (3.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$7.05
±30.2%
Days to Expiry
28
Calendar days
Total Call OI
9,268
Nearest expiry
Total Put OI
4,309
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$23.31
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
$15.00
4/17/2026, 11:01:51 PM
2026-05-15
$20.00
5/15/2026, 11:02:44 PM
2026-06-18NextUpdated
$20.00
5/21/2026, 11:02:00 PM
2026-07-17
$22.50
5/21/2026, 11:02:00 PM
2026-08-21
$17.50
5/21/2026, 11:02:00 PM
2026-11-20
$10.00
5/21/2026, 11:02:00 PM
Selected expiration: 2026-06-18 at max pain $20.00.
ALMU pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
5794250
5794250
5
750
4719500
4720250
7.5
4000
3644750
3648750
10
11000
2626750
2637750
12.5
52750
1636750
1689500
15
117500
963000
1080500
17.5
209500
478750
688250
20
469750
217500
687250
22.5
877250
120750
998000
25
1485500
58500
1544000
30
3265000
25000
3290000
35
5813000
1000
5814000
40
9347000
500
9347500
45
13522500
0
13522500
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.