Alexandria Real Estate EquitiesClose $47.37EOD only
Max Pain
$55.00
Next expiry Oct 16, 2026
Expected Move
±$3.47
7.3% from close
Price Gap
+7.63
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
0.97
Balanced positioning
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — ARE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $55.00 (7.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$3.47
±7.3%
Days to Expiry
14
Calendar days
Total Call OI
9,541
Nearest expiry
Total Put OI
9,415
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$47.37
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$50.00
8/21/2026, 11:05:11 PM
2026-09-18
$52.50
9/18/2026, 11:04:34 PM
2026-10-16NextUpdated
$55.00
10/2/2026, 11:03:10 PM
2026-11-20
$50.00
10/2/2026, 11:03:10 PM
2027-01-15
$57.50
10/2/2026, 11:03:10 PM
2027-04-16
$55.00
10/2/2026, 11:03:10 PM
Selected expiration: 2026-10-16 at max pain $55.00.
ARE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
24639750
24639750
25
0
22311000
22311000
27.5
0
19987500
19987500
30
0
17698500
17698500
32.5
0
15479750
15479750
35
0
13318500
13318500
37.5
0
11192750
11192750
40
9250
9198000
9207250
42.5
19000
7368250
7387250
45
29000
5685500
5714500
47.5
80500
4255250
4335750
50
160750
3017250
3178000
52.5
419750
2236000
2655750
55
932000
1514000
2446000
57.5
1941750
816000
2757750
60
3174500
124750
3299250
62.5
4592500
91000
4683500
65
6411250
79500
6490750
67.5
8427750
68000
8495750
70
10473750
56750
10530500
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.