This page reflects ARDX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — ARDX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $6.00 (0.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.97
±18.5%
Days to Expiry
15
Calendar days
Total Call OI
15,722
Nearest expiry
Total Put OI
4,304
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$5.27
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$6.00
5/15/2026, 11:05:18 PM
2026-06-18
$6.00
6/18/2026, 11:04:23 PM
2026-07-17NextUpdated
$6.00
7/3/2026, 11:03:15 PM
2026-08-21
$6.00
7/3/2026, 11:03:15 PM
2026-10-16
$6.00
7/3/2026, 11:03:15 PM
2027-01-15
$5.00
7/3/2026, 11:03:15 PM
Selected expiration: 2026-07-17 at max pain $6.00.
ARDX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1927400
1927400
2
500
1497300
1497800
3
5600
1067600
1073200
4
10700
639200
649900
5
108500
214700
323200
6
242700
49600
292300
7
507800
12000
519800
8
1535400
600
1536000
9
2754300
300
2754600
10
4043200
200
4043400
11
5364300
100
5364400
12
6765800
0
6765800
15
11479100
0
11479100
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.