American Financial Group, Inc.Close $136.94EOD only
Max Pain
$128.00
Next expiry Jun 18, 2026
Expected Move
±$10.90
8.0% from close
Price Gap
-8.94
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.33
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects AFG 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 — AFG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $128.00 (8.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$128.00
Nearest expiry
Expected Move
±$10.90
±8.0%
Days to Expiry
29
Calendar days
Total Call OI
330
Nearest expiry
Total Put OI
156
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$136.94
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, 11:01:31 PM
2026-05-15
$130.00
5/15/2026, 11:01:54 PM
2026-06-18NextUpdated
$128.00
5/20/2026, 11:01:23 PM
2026-09-18
$103.50
5/20/2026, 11:01:23 PM
2026-12-18
$125.00
5/20/2026, 11:01:23 PM
Selected expiration: 2026-06-18 at max pain $128.00.
AFG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
91.5
0
595700
595700
93
0
572300
572300
96.5
0
521550
521550
98
0
500100
500100
101.5
0
450750
450750
103
0
429600
429600
106.5
1750
380250
382000
116.5
6750
240250
247000
118
7500
221050
228550
120
8500
195850
204350
121.5
9250
177100
186350
123
10000
159100
169100
125
16800
135900
152700
126.5
22200
118500
140700
128
33750
101100
134850
130
57350
78500
135850
131.5
75350
61550
136900
133
95900
47000
142900
135
124500
28200
152700
136.5
146100
14100
160200
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.