American Electric Power CompanyClose $128.87EOD only
Max Pain
$125.00
Next expiry Jun 18, 2026
Expected Move
±$5.97
4.6% from close
Price Gap
-3.87
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.54
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — AEP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $125.00 (3.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$5.97
±4.6%
Days to Expiry
29
Calendar days
Total Call OI
10,112
Nearest expiry
Total Put OI
6,698
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$128.87
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
$130.00
4/17/2026, 11:01:56 PM
2026-05-15
$130.00
5/15/2026, 11:02:23 PM
2026-06-18NextUpdated
$125.00
5/20/2026, 11:02:01 PM
2026-07-17
$130.00
5/20/2026, 11:02:01 PM
2026-08-21
$130.00
5/20/2026, 11:02:01 PM
2026-09-18
$115.00
5/20/2026, 11:02:01 PM
2026-11-20
$120.00
5/20/2026, 11:02:01 PM
2026-12-18
$100.00
5/20/2026, 11:02:01 PM
2027-01-15
$105.00
5/20/2026, 11:02:01 PM
2027-03-19
$125.00
5/20/2026, 11:02:01 PM
Selected expiration: 2026-06-18 at max pain $125.00.
AEP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
46976500
46976500
45
0
45302500
45302500
47.5
0
43628750
43628750
50
0
41965000
41965000
55
0
38640500
38640500
60
0
35317500
35317500
65
3000
31997000
32000000
70
6000
28676500
28682500
72.5
8000
27016250
27024250
75
10500
25356000
25366500
77.5
13000
23703250
23716250
80
16000
22122500
22138500
82.5
19000
20581750
20600750
85
22000
19082750
19104750
87.5
25000
17583750
17608750
90
29250
16103750
16133000
92.5
33750
14764500
14798250
95
38250
13470500
13508750
97.5
42750
12179000
12221750
100
49750
10889000
10938750
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.