American Airlines Group I... (AAL)
American Airlines Max Pain By Strike
AAL trades at $13.22, 10.2% above the near-term max pain of $12 expiring Aug 22, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$15), signaling increased put positioning or downside protection. Key magnetic zone at 12 where 9 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
American Airlines Max Pain By Expiry
Max pain for AAL shows a downward trend from 15 to 10, indicating bearish sentiment or hedging activity. The 41% spread signals divergent expectations across timeframes. Most levels below 13.22 may cap rallies. Strong magnetic level at 12 (9 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 12 | -1.22 (-9.26%) |
| Aug 29, 2025 | 12 | -1.22 (-9.26%) |
| Sep 5, 2025 | 12 | -1.22 (-9.26%) |
| Sep 12, 2025 | 12.5 | -0.72 (-5.48%) |
| Sep 19, 2025 | 12 | -1.22 (-9.26%) |
| Sep 26, 2025 | 12.5 | -0.72 (-5.48%) |
| Oct 17, 2025 | 12 | -1.22 (-9.26%) |
| Nov 21, 2025 | 12 | -1.22 (-9.26%) |
| Dec 19, 2025 | 13 | -0.22 (-1.70%) |
| Jan 16, 2026 | 12 | -1.22 (-9.26%) |
| Feb 20, 2026 | 13 | -0.22 (-1.70%) |
| Mar 20, 2026 | 13 | -0.22 (-1.70%) |
| Jun 18, 2026 | 10 | -3.22 (-24.39%) |
| Sep 18, 2026 | 12 | -1.22 (-9.26%) |
| Dec 18, 2026 | 12 | -1.22 (-9.26%) |
| Jan 15, 2027 | 15 | 1.78 (13.42%) |
| Dec 17, 2027 | 10 | -3.22 (-24.39%) |