American Eagle Outfitters, Inc.Close $16.40EOD only
Max Pain
$15.50
Next expiry May 22, 2026
Expected Move
±$0.79
4.8% from close
Price Gap
-0.90
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.66
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects AEO 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 — AEO
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $15.50 (0.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.50
Nearest expiry
Expected Move
±$0.79
±4.8%
Days to Expiry
2
Calendar days
Total Call OI
12,198
Nearest expiry
Total Put OI
1,453
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$16.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$16.00
5/8/2026, 11:01:26 PM
2026-05-15
$16.50
5/15/2026, 11:02:43 PM
2026-05-22NextUpdated
$15.50
5/20/2026, 11:02:16 PM
2026-05-29
$16.00
5/20/2026, 11:02:16 PM
2026-06-05
$14.00
5/20/2026, 11:02:16 PM
2026-06-12
$9.00
5/20/2026, 11:02:16 PM
2026-06-18
$15.00
5/20/2026, 11:02:16 PM
2026-06-26
$15.00
5/20/2026, 11:02:16 PM
2026-07-17
$17.00
5/20/2026, 11:02:16 PM
2026-08-21
$19.00
5/20/2026, 11:02:16 PM
2026-11-20
$17.00
5/20/2026, 11:02:16 PM
2027-01-15
$15.00
5/20/2026, 11:02:16 PM
Selected expiration: 2026-05-22 at max pain $15.50.
AEO pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1497550
1497550
7
44200
1206950
1251150
8
70400
1062850
1133250
9
101000
918750
1019750
10
138700
774650
913350
11
183800
630550
814350
12
229400
486450
715850
12.5
252450
414400
666850
13
275700
350000
625700
13.5
299000
285950
584950
14
322900
229550
552450
14.5
346800
178250
525050
15
372250
137450
509700
15.5
402000
106450
508450
16
457350
83400
540750
16.5
528100
67000
595100
17
611850
52800
664650
17.5
707650
41150
748800
18
1294700
32150
1326850
18.5
1885350
24650
1910000
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.