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Consider the family \\({\\mathcal M}(\\mu_1,\\mu_2)\\) of martingales \\(M=(M_t)_{0\\leq t\\leq 2}\\), with \\(M_0\\equiv 0\\), and law \\(\\mu_t\\) at time \\(t=1,2\\). Let \\(\\nu_2(M)\\) denote the law of the terminal maximum \\(\\overline M_2=\\sup_{0\\leq t\\leq 2}M_t\\) and \\({\\mathcal P}(\\mu_1, \\mu_2)= \\{\\nu_2(M) \\mid M\\in{\\mathcal M}(\\mu_1, \\mu_2)\\}\\). Using excursion theory, the authors construct an element \\(M^*\\in {\\mathcal M}(\\mu_1,\\mu_2)\\) whose maximal law \\(\\nu_2(M^*)\\) dominates any \\(\\nu\\in{\\mathcal P}(\\mu_1,\\mu_2)\\). This construction is an extension of the Azema-Yor-Skorokhod embedding. It extends results of \\textit{D. G. Hobson} [in: S\u00e9minaire de probabilit\u00e9s XXXII. Lect. Notes Math. 1686, 250-263 (1998; Zbl 0935.60028)], where no intermediate law is imposed. Finally, an application is given to the robust hedging of a lookback 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