This page reflects AEE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — AEE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $105.00 (3.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$5.10
±4.7%
Days to Expiry
29
Calendar days
Total Call OI
933
Nearest expiry
Total Put OI
139
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$108.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$110.00
4/17/2026, 11:01:26 PM
2026-05-15
$105.00
5/15/2026, 11:02:15 PM
2026-06-18NextUpdated
$105.00
5/20/2026, 11:01:57 PM
2026-09-18
$90.00
5/20/2026, 11:01:57 PM
2026-12-18
$85.00
5/20/2026, 11:01:57 PM
Selected expiration: 2026-06-18 at max pain $105.00.
AEE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
529000
529000
60
0
461500
461500
65
0
396000
396000
70
0
332000
332000
75
0
273500
273500
80
500
221000
221500
85
3500
168500
172000
90
6500
116000
122500
95
9500
63500
73000
100
17000
29000
46000
105
34500
7000
41500
110
90500
5000
95500
115
280500
4000
284500
120
680500
3500
684000
125
1123500
3000
1126500
130
1578000
2500
1580500
135
2041000
2000
2043000
155
3905000
0
3905000
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.