Alexandria Real Estate EquitiesClose $45.84EOD only
Max Pain
$50.00
Next expiry Aug 21, 2026
Expected Move
±$1.30
2.8% from close
Price Gap
+4.16
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
1.29
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects ARE 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 — ARE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (4.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$1.30
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
7,973
Nearest expiry
Total Put OI
9,210
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$45.84
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
$45.00
6/18/2026, 11:04:28 PM
2026-07-17
$50.00
7/17/2026, 11:04:46 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:04:40 PM
2026-09-18
$47.50
8/18/2026, 11:04:40 PM
2026-10-16
$60.00
8/18/2026, 11:04:40 PM
2027-01-15
$57.50
8/18/2026, 11:04:40 PM
Selected expiration: 2026-08-21 at max pain $50.00.
ARE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
13939250
13939250
35
0
11637000
11637000
37.5
0
9336250
9336250
40
0
7139750
7139750
42.5
2250
5013000
5015250
45
4500
2994500
2999000
47.5
12500
1117250
1129750
50
111000
85000
196000
52.5
251750
26000
277750
55
502250
2000
504250
57.5
1124500
500
1125000
60
1841500
0
1841500
62.5
3770750
0
3770750
65
5702500
0
5702500
70
9623000
0
9623000
75
13608000
0
13608000
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.