American Electric Power ... (AEP)

AEP trades at $114.06, 3.7% above the near-term max pain of $110 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($80-$115), reflecting growing call interest at higher strikes. Key magnetic zone at 105 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AEP shows an upward trend from 80 to 115, suggesting bullish positioning in longer-dated options. The 34% spread signals divergent expectations across timeframes. Most levels below 114.06 may cap rallies. Strong magnetic level at 105 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.