This page reflects AMLX 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 — AMLX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (17.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$1.60
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
2,019
Nearest expiry
Total Put OI
1,985
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$35.11
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
$14.00
6/18/2026, 11:03:05 PM
2026-07-17
$18.00
7/17/2026, 11:03:37 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:02:33 PM
2026-09-18
$21.00
8/18/2026, 11:02:33 PM
2026-11-20
$19.00
8/18/2026, 11:02:33 PM
2026-12-18
$10.00
8/18/2026, 11:02:33 PM
2027-01-15
$11.00
8/18/2026, 11:02:33 PM
2027-02-19
$3.00
8/18/2026, 11:02:33 PM
2027-03-19
$15.00
8/18/2026, 11:02:33 PM
Selected expiration: 2026-08-21 at max pain $18.00.
AMLX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
1865700
1865700
4
0
1671000
1671000
5
0
1479000
1479000
6
100
1346400
1346500
7
200
1216000
1216200
8
300
1091700
1092000
9
800
968000
968800
10
1400
844500
845900
11
2100
721700
723800
12
2900
599400
602300
13
4200
477200
481400
14
5900
355700
361600
15
7900
241200
249100
16
10100
146000
156100
17
12500
103700
116200
18
18500
68600
87100
19
86300
43900
130200
20
157400
28600
186000
21
264600
14200
278800
22
387100
9100
396200
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.