This page reflects ARDX 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 — ARDX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $4.00 (0.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.93
±27.7%
Days to Expiry
14
Calendar days
Total Call OI
8,252
Nearest expiry
Total Put OI
20,904
Nearest expiry
P/C OI Ratio
2.53
Put-heavy
Spot Price
$3.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$5.00
8/21/2026, 11:02:53 PM
2026-09-18
$4.00
9/18/2026, 11:03:32 PM
2026-10-16NextUpdated
$4.00
10/2/2026, 11:03:06 PM
2026-11-20
$3.00
10/2/2026, 11:03:06 PM
2027-01-15
$4.00
10/2/2026, 11:03:06 PM
2027-04-16
$3.00
10/2/2026, 11:03:06 PM
Selected expiration: 2026-10-16 at max pain $4.00.
ARDX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
6388600
6388600
2
1900
4298400
4300300
3
7800
2210300
2218100
4
19000
122500
141500
5
82200
73900
156100
6
254400
36600
291000
7
954900
14100
969000
8
1744600
800
1745400
9
2543600
200
2543800
10
3342600
100
3342700
11
4164200
0
4164200
12
4988300
0
4988300
13
5813400
0
5813400
14
6638500
0
6638500
15
7463600
0
7463600
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.