# AXP Max Pain (Strike Pegger)

> AXP max pain chart: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 11, 2026 (end of day).

Max Pain© analysis: the peg is the strike where call and put writers' aggregate liability is minimized; the target price (bias) is where call and put liability converge.

## AXP quote

| Field | Value |
|---|---|
| Last | 322.94 |
| Change | -0.52 |
| Open | 323.23 |
| Previous | 323.46 |
| High | 323.25 |
| Low | 319.45 |
| Bid | - |
| Ask | - |
| Volume | 1,840,374 |
| Trades | - |
| Dividend | 0.95 |
| Yield | 1.27% |
| Ex-Div | Apr 2, 2027 (estimated, not declared yet) |
| Split Date | May 11, 2000 |
| Impl Vol | 25.3% |
| Hist Vol | 26.0% |
| Opt Volume | 8,798 |
| Open Int | 275,288 |

Expiration: Nov 13, 2026.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-02-19, 2027-03-19, 2027-04-16, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2028-12-15, 2029-01-19.

Change the view with query parameters: `expiration` (YYYY-MM-DD, the daily history and the by-strike profile), `date` (an earlier session). Example: `/quotes/strike-pegger/AXP.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 11, 2026 | 322.50 | 322.94 | 307.92 | 9,742 | 4,326 |
| Nov 10, 2026 | 322.50 | 323.46 | 320.65 | 9,240 | 3,802 |
| Nov 9, 2026 | 325.00 | 324.31 | 322.89 | 8,753 | 3,221 |
| Nov 6, 2026 | 320.00 | 320.99 | 320.89 | 3,301 | 2,243 |
| Nov 5, 2026 | 320.00 | 324.97 | 318.74 | 3,063 | 2,115 |
| Nov 4, 2026 | 317.50 | 332.59 | 316.72 | 2,187 | 1,844 |
| Nov 3, 2026 | 315.00 | 325.50 | 316.39 | 2,198 | 1,831 |
| Nov 2, 2026 | 315.00 | 327.98 | 315.60 | 1,861 | 1,726 |
| Oct 30, 2026 | 315.00 | 319.11 | 315.18 | 1,602 | 1,603 |
| Oct 29, 2026 | 315.00 | 323.71 | 315.39 | 1,330 | 1,575 |
| Oct 28, 2026 | 315.00 | 317.94 | 315.38 | 1,198 | 1,483 |
| Oct 27, 2026 | 315.00 | 312.91 | 315.37 | 981 | 1,405 |
| Oct 26, 2026 | 315.00 | 315.05 | 315.38 | 886 | 758 |
| Oct 23, 2026 | 315.00 | 313.22 | 317.10 | 846 | 689 |

## Open Interest by Strike

**Strike Peg is 322.50, Bias: 307.92** (expiration Nov 13, 2026) — 0.1% below the last price of 322.94; open interest 9.74K calls / 4.33K puts (put/call 0.44).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 26 of 70 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 292.50 | 0 | 5 | 73,175 |
| 295.00 | 3 | 98 | 67,460 |
| 297.50 | 0 | 10 | 61,998 |
| 300.00 | 2 | 342 | 56,560 |
| 302.50 | 0 | 45 | 51,983 |
| 305.00 | 17 | 177 | 47,518 |
| 307.50 | 2 | 80 | 43,538 |
| 310.00 | 13 | 231 | 39,763 |
| 312.50 | 4 | 101 | 36,598 |
| 315.00 | 71 | 322 | 33,695 |
| 317.50 | 12 | 114 | 31,775 |
| 320.00 | 126 | 475 | 30,170 |
| 322.50 | 91 | 69 | 30,068 |
| 325.00 | 324 | 263 | 30,365 |
| 327.50 | 289 | 43 | 32,130 |
| 330.00 | 2,433 | 69 | 34,725 |
| 332.50 | 185 | 11 | 43,575 |
| 335.00 | 2,751 | 22 | 52,915 |
| 337.50 | 99 | 1 | 69,188 |
| 340.00 | 467 | 3 | 85,710 |
| 342.50 | 64 | 1 | 103,408 |
| 345.00 | 287 | 0 | 121,268 |
| 347.50 | 24 | 0 | 139,845 |
| 350.00 | 110 | 0 | 158,483 |
| 352.50 | 10 | 0 | 177,395 |
| 355.00 | 55 | 0 | 196,333 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 322.50 | 322.94 | 307.92 | 9,742 | 4,326 |
| Nov 20, 2026 | 320.00 | 322.94 | 317.87 | 31,879 | 16,269 |
| Nov 21, 2026 | 320.00 | 322.94 | 317.87 | 31,879 | 16,269 |
| Nov 27, 2026 | 320.00 | 322.94 | 322.57 | 2,396 | 1,162 |
| Dec 19, 2026 | 320.00 | 322.94 | 306.39 | 13,689 | 12,973 |
| Jan 16, 2027 | 320.00 | 322.94 | 303.62 | 82,343 | 19,515 |
| Feb 20, 2027 | 320.00 | 322.94 | 319.53 | 2,922 | 5,171 |
| Mar 20, 2027 | 310.00 | 322.94 | 293.22 | 5,278 | 5,164 |
| Apr 17, 2027 | 310.00 | 322.94 | 297.25 | 1,191 | 1,352 |
| Jun 19, 2027 | 320.00 | 322.94 | 316.18 | 5,914 | 6,171 |
| Sep 18, 2027 | 310.00 | 322.94 | 314.21 | 2,100 | 2,722 |
| Jan 22, 2028 | 310.00 | 322.94 | 299.28 | 9,480 | 12,186 |
| Jan 20, 2029 | 280.00 | 322.94 | 266.03 | 2,173 | 579 |

Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.

## More for AXP

- [Quote](https://www.optionistics.com/quotes/stock-quotes/AXP.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/AXP.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/AXP.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=AXP)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/AXP.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/AXP.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/AXP.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/AXP.md)

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