Applied Optoelectronics, Inc.Close $120.95EOD only
Max Pain
$148.00
Next expiry Jul 10, 2026
Expected Move
±$9.20
7.6% from close
Price Gap
+27.05
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.95
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — AAOI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $148.00 (27.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$148.00
Nearest expiry
Expected Move
±$9.20
±7.6%
Days to Expiry
8
Calendar days
Total Call OI
20,438
Nearest expiry
Total Put OI
8,855
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$120.95
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
$150.00
6/26/2026, 11:01:10 PM
2026-07-02
$141.00
7/2/2026, 11:01:11 PM
2026-07-10NextUpdated
$148.00
7/3/2026, 11:01:07 PM
2026-07-17
$155.00
7/3/2026, 11:01:07 PM
2026-07-24
$150.00
7/3/2026, 11:01:07 PM
2026-07-31
$150.00
7/3/2026, 11:01:07 PM
2026-08-07
$137.00
7/3/2026, 11:01:07 PM
2026-08-21
$150.00
7/3/2026, 11:01:07 PM
2026-09-18
$125.00
7/3/2026, 11:01:07 PM
2026-12-18
$165.00
7/3/2026, 11:01:07 PM
2027-01-15
$70.00
7/3/2026, 11:01:07 PM
2027-06-17
$150.00
7/3/2026, 11:01:07 PM
Selected expiration: 2026-07-10 at max pain $148.00.
AAOI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
36525800
36525800
90
500
32264300
32264800
95
2000
28087800
28089800
98
3500
25632600
25636100
99
4000
24823300
24827300
100
4900
24014900
24019800
101
6700
23345900
23352600
102
9900
22678700
22688600
103
13100
22013800
22026900
105
19500
20687200
20706700
108
75600
18722800
18798400
110
113000
17414600
17527600
111
131700
16784900
16916600
112
153200
16156500
16309700
113
174700
15529700
15704400
114
196200
14904400
15100600
115
217800
14279700
14497500
116
239400
13683100
13922500
117
261000
13088800
13349800
118
282800
12496600
12779400
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.