What is AAL max pain this week?

AAL max pain for the nearest expiration (2026-07-10) is $17.00. Total call open interest: 15,893. Total put open interest: 29,119.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options AALMax Pain

AAL

American Airlines Group, Inc.Close $17.92EOD only

Max Pain

$17.00

Next expiry Jul 10, 2026

Expected Move

±$1.17

6.5% from close

Price Gap

-0.92

Distance to max pain

IV Rank

Low premium

P/C OI

1.79

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Jul 2, 2026 close

End-of-day snapshot

This page reflects AAL 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 — AAL

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $17.00 (0.92 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$17.00

Nearest expiry

Expected Move

±$1.17

±6.5%

Days to Expiry

Calendar days

Total Call OI

15,893

Nearest expiry

Total Put OI

29,119

Nearest expiry

P/C OI Ratio

1.83

Put-heavy

Spot Price

$17.92

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-07-10

Expiration	Max Pain Strike	Last Updated
2026-06-26	$15.50	6/26/2026, 11:01:00 PM
2026-07-02	$17.00	7/2/2026, 11:01:00 PM
2026-07-10NextUpdated	$17.00	7/3/2026, 11:00:58 PM
2026-07-17	$14.00	7/3/2026, 11:00:58 PM
2026-07-24	$16.00	7/3/2026, 11:00:58 PM
2026-07-31	$13.00	7/3/2026, 11:00:58 PM
2026-08-07	$15.50	7/3/2026, 11:00:58 PM
2026-08-21	$15.00	7/3/2026, 11:00:58 PM
2026-09-18	$13.00	7/3/2026, 11:00:58 PM
2026-11-20	$17.00	7/3/2026, 11:00:58 PM
2026-12-18	$13.00	7/3/2026, 11:00:58 PM
2027-01-15	$15.00	7/3/2026, 11:00:58 PM
2027-02-19	$17.00	7/3/2026, 11:00:58 PM
2027-03-19	$15.00	7/3/2026, 11:00:58 PM
2027-06-17	$10.00	7/3/2026, 11:00:58 PM

Selected expiration: 2026-07-10 at max pain $17.00.

AAL pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
5	0	31021300	31021300
6	31500	28109400	28140900
7	93900	25197500	25291400
8	171800	22286700	22458500
9	252500	19377000	19629500
9.5	293400	17922650	18216050
10	335400	16468350	16803750
10.5	378550	15016600	15395150
11	422150	13614550	14036700
11.5	469000	12234300	12703300
12	516300	10897000	11413300
12.5	573400	9582950	10156350
13	631450	8297600	8929050
13.5	694000	7048500	7742500
14	765700	5819300	6585000
14.5	849500	4626650	5476150
15	972950	3458800	4431750
15.5	1130500	2354500	3485000
16	1311900	1597600	2909500
16.5	1583400	1014100	2597500

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.