1.87K calls and 1.67K puts traded on Nov 4, 2026, 3.54K contracts in total. Open interest was 56.25K contracts. Over the past 30 days, volume averaged 2.35K contracts per day. The AEP option volume chart shows volume by strike and expiration date.

American Electric Power IV rank is 5, so its 30-day implied volatility of 21.7% is near the bottom of its one-year range. Over the past year it ranged from 15.4% on Nov 26, 2025 to 143.0% on Jul 17, 2026. See the AEP implied volatility history for a longer view.

The American Electric Power put/call volume ratio was 0.89 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.56. The AEP open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for American Electric Power options about one week from expiration was $125.17, 3.2% below the $129.25 close. The AEP max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 22.3%, options price a move of about ±$3.99 (±3.1%) over the next week, a range of roughly $125.26 to $133.24 from the Nov 4, 2026 close. The AEP expected move chart shows it for every expiration date.