This page reflects KALU 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 — KALU
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $180.00 (3.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$12.05
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
139
Nearest expiry
Total Put OI
27
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$176.27
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
$140.00
5/15/2026, 11:21:37 PM
2026-06-18
$105.00
6/18/2026, 11:22:54 PM
2026-07-17NextUpdated
$180.00
7/3/2026, 11:16:32 PM
2026-08-21
$170.00
7/3/2026, 11:16:32 PM
2026-09-18
$155.00
7/3/2026, 11:16:32 PM
2026-11-20
$110.00
7/3/2026, 11:16:32 PM
2026-12-18
$125.00
7/3/2026, 11:16:32 PM
Selected expiration: 2026-07-17 at max pain $180.00.
KALU pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
90500
90500
145
0
77500
77500
160
0
40000
40000
165
0
28500
28500
170
0
17500
17500
175
500
6500
7000
180
1500
3000
4500
185
8500
1000
9500
190
17000
0
17000
195
35500
0
35500
200
64500
0
64500
210
201500
0
201500
230
477500
0
477500
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.