thetaOwl

AGX

Argan, Inc.Close $383.83EOD only
Max Pain
$420.00
Next expiry Oct 16, 2026
Expected Move
±$35.15
9.2% from close
Price Gap
+36.17
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.81
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects AGX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Oct 2, 2026 close
Max Pain — AGX
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-16 shows max pain at $420.00 (36.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$420.00
Nearest expiry
Expected Move
±$35.15
±9.2%
Days to Expiry
14
Calendar days
Total Call OI
3,525
Nearest expiry
Total Put OI
2,322
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$383.83
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-16
ExpirationMax Pain StrikeLast Updated
2026-08-21$530.008/21/2026, 11:02:26 PM
2026-09-18$400.009/18/2026, 11:02:40 PM
2026-10-16NextUpdated$420.0010/2/2026, 11:02:13 PM
2026-11-20$380.0010/2/2026, 11:02:13 PM
2026-12-18$480.0010/2/2026, 11:02:13 PM
2027-01-15$480.0010/2/2026, 11:02:13 PM
2027-04-16$450.0010/2/2026, 11:02:13 PM
Selected expiration: 2026-10-16 at max pain $420.00.
AGX pain by strike for 2026-10-16 expiration
StrikeCall PainPut PainTotal Pain
22003554400035544000
23020003324900033251000
24060003096600030972000
250120002869900028711000
260200002656200026582000
270280002451200024540000
280360002247300022509000
290460002046400020510000
300560001848700018543000
310670001659200016659000
320810001474200014823000
330970001293900013036000
3401130001174200011855000
3501330001057800010711000
36019100095620009753000
37028800086170008905000
38040900076910008100000
39057400068300007404000
40080000059920006792000
410120200052720006474000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures

Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.

How traders use it

It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.

What can break it

Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.

The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.