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 Apollo Global Management options about one week from expiration was $116.71. The chart above shows the exact max pain for each expiration date.

Apollo Global Management closed above its near-term max pain on 4 of the last 20 trading days. On Nov 4, 2026 it closed at $122.77, 5.2% above max pain of $116.71.

Over the last 20 trading days, near-term max pain for Apollo Global Management ranged from $114.00 to $125.00. It went from $123.57 on Oct 8, 2026 to $116.71 on Nov 4, 2026. See the APO max pain history for a longer view.

Apollo is one of the world's largest alternative asset managers, with $1.047 trillion in total assets under management, or AUM, including $858.0 billion in fee-earning assets, at the end of June 2026.