This page reflects ALMU 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 — ALMU
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (0.95 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
±$6.28
±29.9%
Days to Expiry
29
Calendar days
Total Call OI
9,096
Nearest expiry
Total Put OI
4,093
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$20.95
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
5/20/2026, 11:03:23 PM
2026-07-17
$22.50
5/20/2026, 11:03:23 PM
2026-08-21
$17.50
5/20/2026, 11:03:23 PM
2026-11-20
$10.00
5/20/2026, 11:03:23 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
5548750
5548750
5
500
4527250
4527750
7.5
3500
3505750
3509250
10
10250
2541000
2551250
12.5
51750
1600000
1651750
15
116250
974750
1091000
17.5
208000
489500
697500
20
468000
221750
689750
22.5
871500
120750
992250
25
1471750
58500
1530250
30
3213750
25000
3238750
35
5660250
1000
5661250
40
9106750
500
9107250
45
13194750
0
13194750
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.