American Electric Power CompanyClose $138.51EOD only
Max Pain
$130.00
Next expiry Jul 17, 2026
Expected Move
±$4.47
3.2% from close
Price Gap
-8.51
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.47
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects AEP 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 — AEP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (8.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$4.47
±3.2%
Days to Expiry
15
Calendar days
Total Call OI
7,035
Nearest expiry
Total Put OI
3,496
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$138.51
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$130.00
5/15/2026, 11:02:23 PM
2026-06-18
$125.00
6/18/2026, 11:01:42 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:01:58 PM
2026-08-21
$130.00
7/3/2026, 11:01:58 PM
2026-09-18
$120.00
7/3/2026, 11:01:58 PM
2026-11-20
$125.00
7/3/2026, 11:01:58 PM
2026-12-18
$100.00
7/3/2026, 11:01:58 PM
2027-01-15
$110.00
7/3/2026, 11:01:58 PM
2027-02-19
$115.00
7/3/2026, 11:01:58 PM
2027-03-19
$125.00
7/3/2026, 11:01:58 PM
2027-06-17
$125.00
7/3/2026, 11:01:58 PM
Selected expiration: 2026-07-17 at max pain $130.00.
AEP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
16627000
16627000
95
0
9637000
9637000
100
0
7891000
7891000
105
0
6147000
6147000
110
0
4424500
4424500
115
0
2898000
2898000
120
0
1407000
1407000
125
1500
242500
244000
130
70000
52500
122500
135
322500
3500
326000
140
1370500
0
1370500
145
4199000
0
4199000
150
7703500
0
7703500
155
11220500
0
11220500
160
14737500
0
14737500
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.