What is AXP max pain this week?

AXP max pain for the nearest expiration (2026-08-21) is $335.00. Total call open interest: 16,955. Total put open interest: 12,962.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options AXPMax Pain

AXP

American Express CompanyClose $338.52EOD only

Max Pain

$335.00

Next expiry Aug 21, 2026

Expected Move

±$6.03

1.8% from close

Price Gap

-3.52

Distance to max pain

IV Rank

Low premium

P/C OI

0.69

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 2026 close

End-of-day snapshot

This page reflects AXP 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 — AXP

Data as of market close Aug 18, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $335.00 (3.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$335.00

Nearest expiry

Expected Move

±$6.03

±1.8%

Days to Expiry

Calendar days

Total Call OI

16,955

Nearest expiry

Total Put OI

12,962

Nearest expiry

P/C OI Ratio

0.76

Put-heavy

Spot Price

$338.52

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
2026-08-07	$340.00	8/7/2026, 11:06:09 PM
2026-08-14	$340.00	8/14/2026, 11:05:37 PM
2026-08-21NextUpdated	$335.00	8/18/2026, 11:05:42 PM
2026-08-28	$337.50	8/18/2026, 11:05:42 PM
2026-09-04	$340.00	8/18/2026, 11:05:42 PM
2026-09-11	$340.00	8/18/2026, 11:05:42 PM
2026-09-18	$340.00	8/18/2026, 11:05:42 PM
2026-09-25	$335.00	8/18/2026, 11:05:42 PM
2026-10-02	$345.00	8/18/2026, 11:05:42 PM
2026-10-16	$340.00	8/18/2026, 11:05:42 PM
2026-11-20	$340.00	8/18/2026, 11:05:42 PM
2026-12-18	$310.00	8/18/2026, 11:05:42 PM
2027-01-15	$320.00	8/18/2026, 11:05:42 PM
2027-02-19	$330.00	8/18/2026, 11:05:42 PM
2027-03-19	$330.00	8/18/2026, 11:05:42 PM
2027-06-17	$330.00	8/18/2026, 11:05:42 PM

Selected expiration: 2026-08-21 at max pain $335.00.

AXP pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
160	0	195854750	195854750
165	0	189381250	189381250
170	0	182915750	182915750
175	0	176451750	176451750
180	0	169993250	169993250
185	0	163545250	163545250
190	0	157109750	157109750
195	0	150684250	150684250
200	0	144273750	144273750
210	0	131480750	131480750
220	0	118703750	118703750
230	2000	106151750	106153750
240	8000	93717750	93725750
250	17000	81392750	81409750
255	29000	75267250	75296250
260	41000	69159750	69200750
265	74500	63101750	63176250
270	108000	57060250	57168250
275	163000	51163250	51326250
280	218000	45286250	45504250

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.