American Electric Power CompanyClose $126.35EOD only
Max Pain
$130.00
Next expiry Aug 21, 2026
Expected Move
±$2.73
2.2% from close
Price Gap
+3.65
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.62
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — AEP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (3.65 above 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
±$2.73
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
8,877
Nearest expiry
Total Put OI
6,360
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$126.35
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$125.00
6/18/2026, 11:01:42 PM
2026-07-17
$130.00
7/17/2026, 11:01:40 PM
2026-08-21NextUpdated
$130.00
8/18/2026, 11:01:59 PM
2026-09-18
$125.00
8/18/2026, 11:01:59 PM
2026-11-20
$125.00
8/18/2026, 11:01:59 PM
2026-12-18
$115.00
8/18/2026, 11:01:59 PM
2027-01-15
$110.00
8/18/2026, 11:01:59 PM
2027-02-19
$115.00
8/18/2026, 11:01:59 PM
2027-03-19
$100.00
8/18/2026, 11:01:59 PM
2027-06-17
$120.00
8/18/2026, 11:01:59 PM
Selected expiration: 2026-08-21 at max pain $130.00.
AEP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
37511000
37511000
65
0
34346500
34346500
70
0
31182500
31182500
75
1000
28018500
28019500
80
2000
24855500
24857500
85
3000
21693000
21696000
90
4000
18532500
18536500
95
5000
15372000
15377000
100
6000
12222000
12228000
105
7000
9108500
9115500
110
8000
6031000
6039000
115
9000
3463000
3472000
120
10000
1519000
1529000
125
15000
206500
221500
130
86000
27000
113000
135
428000
0
428000
140
1881000
0
1881000
145
4504000
0
4504000
150
8385000
0
8385000
155
12625000
0
12625000
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.