Applied Optoelectronics, Inc.Close $154.89EOD only
Max Pain
$130.00
Next expiry Aug 21, 2026
Expected Move
±$15.65
10.1% from close
Price Gap
-24.89
Distance to max pain
IV Rank
4
Low premium
P/C OI
1.08
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 17, 2026 close
End-of-day snapshot
This page reflects AAOI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — AAOI
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (24.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$15.65
±10.1%
Days to Expiry
4
Calendar days
Total Call OI
33,516
Nearest expiry
Total Put OI
35,943
Nearest expiry
P/C OI Ratio
1.07
Put-heavy
Spot Price
$154.89
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$115.00
8/7/2026, 11:01:14 PM
2026-08-14
$130.00
8/14/2026, 11:01:17 PM
2026-08-21NextUpdated
$130.00
8/17/2026, 11:01:15 PM
2026-08-28
$130.00
8/17/2026, 11:01:15 PM
2026-09-04
$135.00
8/17/2026, 11:01:15 PM
2026-09-11
$136.00
8/17/2026, 11:01:15 PM
2026-09-18
$125.00
8/17/2026, 11:01:15 PM
2026-09-25
$129.00
8/17/2026, 11:01:15 PM
2026-10-02
$131.00
8/17/2026, 11:01:15 PM
2026-12-18
$130.00
8/17/2026, 11:01:15 PM
2027-01-15
$85.00
8/17/2026, 11:01:15 PM
2027-03-19
$90.00
8/17/2026, 11:01:15 PM
2027-06-17
$140.00
8/17/2026, 11:01:15 PM
Selected expiration: 2026-08-21 at max pain $130.00.
AAOI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
214359850
214359850
45
0
196392350
196392350
50
500
178510850
178511350
55
1500
160688850
160690350
60
19500
142906850
142926350
65
39000
125274350
125313350
70
88000
107819850
107907850
75
162500
95528350
95690850
80
291500
84175350
84466850
85
558500
73452350
74010850
87
719100
69355950
70075050
88
799900
67311050
68110950
89
883400
65271350
66154750
90
978500
63257250
64235750
91
1110800
61299850
62410650
92
1244500
59344950
60589450
93
1379600
57406150
58785750
94
1515300
55513850
57029150
95
1653900
53624350
55278250
96
1797800
51782250
53580050
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.