This page reflects ARGX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — ARGX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $910.00 (82.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$910.00
Nearest expiry
Expected Move
±$15.30
±1.5%
Days to Expiry
3
Calendar days
Total Call OI
1,527
Nearest expiry
Total Put OI
1,467
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$992.99
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$790.00
6/18/2026, 11:04:07 PM
2026-07-17
$830.00
7/17/2026, 11:05:25 PM
2026-08-21NextUpdated
$910.00
8/18/2026, 11:04:29 PM
2026-09-18
$860.00
8/18/2026, 11:04:29 PM
2026-10-16
$870.00
8/18/2026, 11:04:29 PM
2026-11-20
$900.00
8/18/2026, 11:04:29 PM
2026-12-18
$750.00
8/18/2026, 11:04:29 PM
2027-01-15
$870.00
8/18/2026, 11:04:29 PM
2027-02-19
$790.00
8/18/2026, 11:04:29 PM
2027-03-19
$640.00
8/18/2026, 11:04:29 PM
Selected expiration: 2026-08-21 at max pain $910.00.
ARGX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
380
0
64088000
64088000
400
0
61188000
61188000
410
0
59752000
59752000
420
0
58322000
58322000
480
6000
49742000
49748000
500
10000
46882000
46892000
520
14000
44042000
44056000
540
18000
41208000
41226000
580
26000
35544000
35570000
600
32000
32720000
32752000
620
38000
29896000
29934000
640
44000
27084000
27128000
660
50000
24286000
24336000
680
56000
21488000
21544000
690
63000
20089000
20152000
700
70000
18700000
18770000
710
85000
17324000
17409000
720
100000
15949000
16049000
730
116000
14592000
14708000
740
132000
13322000
13454000
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.