Alexandria Real Estate EquitiesClose $52.58EOD only
Max Pain
$52.50
Next expiry Jul 17, 2026
Expected Move
±$4.05
7.7% from close
Price Gap
-0.08
Distance to max pain
IV Rank
13
Low premium
P/C OI
1.24
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — ARE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $52.50 (0.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$4.05
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
7,380
Nearest expiry
Total Put OI
10,434
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$52.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$45.00
5/15/2026, 11:04:12 PM
2026-06-18
$45.00
6/18/2026, 11:04:28 PM
2026-07-17NextUpdated
$52.50
7/3/2026, 11:03:23 PM
2026-08-21
$52.50
7/3/2026, 11:03:23 PM
2026-10-16
$60.00
7/3/2026, 11:03:23 PM
2027-01-15
$57.50
7/3/2026, 11:03:23 PM
Selected expiration: 2026-07-17 at max pain $52.50.
ARE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
21223750
21223750
27.5
0
18646000
18646000
30
0
16074250
16074250
32.5
250
13560000
13560250
35
750
11085750
11086500
37.5
2500
8756500
8759000
40
4250
6552500
6556750
42.5
9750
4767500
4777250
45
23000
3277500
3300500
47.5
37250
2013500
2050750
50
51500
926500
978000
52.5
186250
568750
755000
55
567500
266250
833750
57.5
1281000
205250
1486250
60
2310750
150250
2461000
62.5
3480250
110500
3590750
65
4716750
78250
4795000
67.5
6262500
59250
6321750
70
7815500
48000
7863500
72.5
9406000
37250
9443250
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.