Applied Optoelectronics, Inc.Close $115.59EOD only
Max Pain
$104.00
Next expiry Oct 9, 2026
Expected Move
±$10.20
8.8% from close
Price Gap
-11.59
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.92
Balanced positioning
Consensus
—
No reports available
Published snapshot: Oct 2, 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
Oct 2, 2026 close
Max Pain — AAOI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $104.00 (11.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$104.00
Nearest expiry
Expected Move
±$10.20
±8.8%
Days to Expiry
7
Calendar days
Total Call OI
11,416
Nearest expiry
Total Put OI
7,176
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$115.59
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$102.00
9/25/2026, 11:01:08 PM
2026-10-02Updated
$101.00
10/2/2026, 11:01:07 PM
2026-10-09Next
$104.00
10/2/2026, 11:01:07 PM
2026-10-16
$105.00
10/2/2026, 11:01:07 PM
2026-10-23
$103.00
10/2/2026, 11:01:07 PM
2026-10-30
$105.00
10/2/2026, 11:01:07 PM
2026-11-06
$101.00
10/2/2026, 11:01:07 PM
2026-11-20
$105.00
10/2/2026, 11:01:07 PM
2026-12-18
$110.00
10/2/2026, 11:01:07 PM
2027-01-15
$100.00
10/2/2026, 11:01:07 PM
2027-03-19
$110.00
10/2/2026, 11:01:07 PM
2027-06-17
$130.00
10/2/2026, 11:01:07 PM
Selected expiration: 2026-10-09 at max pain $104.00.
AAOI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
16606400
16606400
75
2500
13107400
13109900
80
31000
9672900
9703900
85
67500
6853900
6921400
87
83100
5818900
5902000
88
91700
5316600
5408300
89
101200
4828600
4929800
90
111200
4356300
4467500
91
122800
3971100
4093900
92
134700
3590700
3725400
93
147500
3223600
3371100
94
160300
2867900
3028200
95
173700
2573300
2747000
96
198200
2313300
2511500
97
225800
2062500
2288300
98
263700
1828300
2092000
99
310600
1613100
1923700
100
362900
1403700
1766600
101
444800
1214600
1659400
102
532600
1034300
1566900
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.