Applied Optoelectronics I... (AAOI)
Applied Optoelectronics Max Pain By Strike
AAOI trades at $24.79, 7.8% above the near-term max pain of $23 expiring Aug 29, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($10-$26), reflecting growing call interest at higher strikes. Key magnetic zone at 23 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Applied Optoelectronics Max Pain By Expiry
Max pain for AAOI shows an upward trend from 10 to 26, suggesting bullish positioning in longer-dated options. The 83% spread signals divergent expectations across timeframes. Most levels below 24.79 may cap rallies. Strong magnetic level at 23 (3 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 29, 2025 | 23 | -1.79 (-7.22%) |
| Sep 5, 2025 | 23 | -1.79 (-7.22%) |
| Sep 12, 2025 | 22 | -2.79 (-11.25%) |
| Sep 19, 2025 | 22.5 | -2.29 (-9.24%) |
| Sep 26, 2025 | 26 | 1.21 (4.88%) |
| Oct 3, 2025 | 12 | -12.79 (-51.59%) |
| Oct 17, 2025 | 20 | -4.79 (-19.32%) |
| Dec 19, 2025 | 18 | -6.79 (-27.39%) |
| Jan 16, 2026 | 16 | -8.79 (-35.46%) |
| Mar 20, 2026 | 19 | -5.79 (-23.36%) |
| Jan 15, 2027 | 10 | -14.79 (-59.66%) |