This page reflects KALU 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 — KALU
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $150.00 (2.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$9.97
±6.6%
Days to Expiry
14
Calendar days
Total Call OI
57
Nearest expiry
Total Put OI
224
Nearest expiry
P/C OI Ratio
3.93
Put-heavy
Spot Price
$152.02
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
$155.00
8/21/2026, 11:19:49 PM
2026-09-18
$155.00
9/18/2026, 11:17:12 PM
2026-10-16NextUpdated
$150.00
10/2/2026, 11:19:18 PM
2026-11-20
$125.00
10/2/2026, 11:19:18 PM
2026-12-18
$150.00
10/2/2026, 11:19:18 PM
2027-03-19
$150.00
10/2/2026, 11:19:18 PM
Selected expiration: 2026-10-16 at max pain $150.00.
KALU pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
447500
447500
135
0
335000
335000
140
0
223000
223000
145
0
112000
112000
150
0
6500
6500
155
6000
4500
10500
160
15000
2500
17500
165
28000
500
28500
170
48000
0
48000
175
71500
0
71500
180
96000
0
96000
185
123000
0
123000
190
151000
0
151000
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.