Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Antero Midstream options about one week from expiration was $21.09. The chart above shows the exact max pain for each expiration date.

Antero Midstream closed above its near-term max pain on 2 of the last 20 trading days. On Nov 4, 2026 it closed at $19.86, 5.8% below max pain of $21.09.

Over the last 20 trading days, near-term max pain for Antero Midstream ranged from $21.09 to $22.01. It went from $22.01 on Oct 8, 2026 to $21.09 on Nov 4, 2026. See the AM max pain history for a longer view.

Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy assets that service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio.