Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Allison Transmission options about one week from expiration was $116.24. The chart above shows the exact max pain for each expiration date.

Allison Transmission closed above its near-term max pain on 2 of the last 20 trading days. On Nov 4, 2026 it closed at $120.63, 3.8% above max pain of $116.24.

Over the last 20 trading days, near-term max pain for Allison Transmission ranged from $116.00 to $126.18. It went from $120.23 on Oct 8, 2026 to $116.24 on Nov 4, 2026. See the ALSN max pain history for a longer view.

Allison Transmission is the largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles.