Free ALL Max Pain - Allstate Max Pain
Use free ALL Max Pain to find the candidate strike with the lowest combined call and put intrinsic value for Allstate at one selected expiration. Compare the full pain curve alongside business context that includes underwriting, claims, pricing, and investment income.
How to use the ALL Max Pain tool
Confirm ALL
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Choose an expiration
Select the expiration you want the calculation to use.
Calculate Max Pain
Generate the result, then compare Max Pain with price and the full pain chart.
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What is Max Pain?
Max Pain is the strike price at which option sellers (market makers) would lose the least amount of money if the stock expired at that price. The theory suggests stocks tend to gravitate toward this price near expiration.
Chart Legend:
- Green bars: Call option pain per strike
- Red bars: Put option pain per strike
- Blue line: Max Pain strike
- Red line: Current underlying price
Key levels
ALL max pain in detail
Computed
Spot
$230.73
Max pain strike
$230
0.3% below spot
Expiration
2026-10-16
Lowest total pain by strike
| Strike | Call pain | Put pain | Total |
|---|---|---|---|
| $230 | $394K | $716K | $1.1M |
| $240 | $1.6M | $55K | $1.7M |
| $220 | $151K | $2.3M | $2.5M |
| $250 | $3.1M | $19K | $3.2M |
| $210 | $49K | $4.8M | $4.8M |
Reviewed by the QuantWheel research team. Computed from listed ALL open interest for the expiration shown; a reference level, not a forecast. Read how we compute ALL max pain.
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Understanding ALL Max Pain
The ALL options chain represents Allstate. Evaluate its open-interest distribution alongside business context that includes underwriting, claims, pricing, and investment income. Compare Max Pain across available expirations because the distribution can differ from one expiration to another.
For ALL, the calculator tests each candidate strike against call and put open interest for the selected expiration. Review the full curve with the result. The calculation describes the selected chain and does not predict where Allstate will trade.
How the ALL Max Pain calculation works
QuantWheel tests each strike as a possible expiration price. It adds the intrinsic value of open calls and puts at that price, weighted by open interest and the contract multiplier. The strike with the lowest combined value is displayed as ALL Max Pain.
This calculation uses the selected options chain. It does not measure dealer inventory, intent, future order flow or the probability that ALL will finish at the calculated strike.
Related ALL options tools
Compare expiration pain with the ALL GEX chart with .
ALL Max Pain FAQ
What is ALL Max Pain?
ALL Max Pain is the candidate expiration price where the combined intrinsic value of outstanding ALL calls and puts is lowest for the selected expiration. It is a calculation based on open interest, not a prediction of where ALL will trade.
How is ALL Max Pain calculated?
For each candidate price, QuantWheel calculates call and put intrinsic value across the selected ALL options chain, multiplies each value by open interest and the 100-share contract multiplier, then adds the totals. The candidate price with the lowest combined total is the Max Pain strike.
Which ALL expiration should I select?
Select the exact ALL expiration you want to examine. Weekly and monthly expirations can have different open-interest distributions, so compare them separately instead of applying one result to every date.
How should I use ALL Max Pain?
Compare the calculated strike with ALL price and the full call and put pain chart for the same expiration. Use it as expiration context alongside liquidity, gamma exposure and your own risk plan rather than as a standalone trading signal.
Is ALL Max Pain a price target?
No. ALL Max Pain does not forecast price and does not prove that traders or market makers will move ALL toward a particular strike. News, volatility, liquidity and positioning can outweigh any expiration-related pinning effect.
Is the ALL Max Pain calculator free?
Yes. QuantWheel provides a limited number of free ALL Max Pain calculations. The calculator shows how many free calculations remain before you run another expiration.