What is AEM max pain this week?

AEM max pain for the nearest expiration (2026-10-09) is $190.00. Total call open interest: 648. Total put open interest: 428.

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 AEMMax Pain

AEM

Agnico Eagle Mines LimitedClose $183.69EOD only

Max Pain

$190.00

Next expiry Oct 9, 2026

Expected Move

±$3.30

1.8% from close

Price Gap

+6.31

Distance to max pain

IV Rank

Low premium

P/C OI

0.72

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects AEM 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 — AEM

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $190.00 (6.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$190.00

Nearest expiry

Expected Move

±$3.30

±1.8%

Days to Expiry

Calendar days

Total Call OI

648

Nearest expiry

Total Put OI

428

Nearest expiry

P/C OI Ratio

0.66

Put-heavy

Spot Price

$183.69

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	$195.00	9/25/2026, 11:01:36 PM
2026-10-02Updated	$185.00	10/2/2026, 11:02:06 PM
2026-10-09Next	$190.00	10/2/2026, 11:02:06 PM
2026-10-16	$185.00	10/2/2026, 11:02:06 PM
2026-10-23	$200.00	10/2/2026, 11:02:06 PM
2026-10-30	$190.00	10/2/2026, 11:02:06 PM
2026-11-06	$190.00	10/2/2026, 11:02:06 PM
2026-11-20	$185.00	10/2/2026, 11:02:06 PM
2026-12-18	$185.00	10/2/2026, 11:02:06 PM
2027-01-15	$150.00	10/2/2026, 11:02:06 PM
2027-02-19	$170.00	10/2/2026, 11:02:06 PM
2027-03-19	$170.00	10/2/2026, 11:02:06 PM
2027-05-21	$220.00	10/2/2026, 11:02:06 PM
2027-06-17	$165.00	10/2/2026, 11:02:06 PM
2027-09-17	$200.00	10/2/2026, 11:02:06 PM

Selected expiration: 2026-10-09 at max pain $190.00.

AEM pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
135	0	2117750	2117750
145	4000	1689750	1693750
150	7000	1475750	1482750
155	14000	1261750	1275750
165	28000	847750	875750
170	35000	646250	681250
175	42000	461250	503250
177.5	45500	380750	426250
180	49000	307000	356000
182.5	54000	241250	295250
185	59000	178500	237500
187.5	73750	133250	207000
190	88500	88750	177250
192.5	118500	59250	177750
195	152250	36250	188500
197.5	218250	21500	239750
200	284750	8000	292750
202.5	359250	4000	363250
205	439000	0	439000
207.5	549000	0	549000

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.