Alcon Inc. (ALC)
Alcon Max Pain By Strike
ALC trades at $90.17, pinned near the near-term max pain of $90 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($87.5-$100), signaling increased put positioning or downside protection. Key magnetic zone at 88 where 2 expirations converge.
Alcon Max Pain By Expiry
Max pain for ALC shows a downward trend from 100 to 87.5, indicating bearish sentiment or hedging activity. The 14% spread signals divergent expectations across timeframes. Levels distributed around 90.17. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 90 | -0.17 (-0.19%) |
| Oct 17, 2025 | 87.5 | -2.67 (-2.96%) |
| Nov 21, 2025 | 87.5 | -2.67 (-2.96%) |
| Jan 16, 2026 | 95 | 4.83 (5.36%) |
| Feb 20, 2026 | 100 | 9.83 (10.90%) |