This page reflects ARGX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — ARGX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $780.00 (24.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$780.00
Nearest expiry
Expected Move
±$63.35
±7.9%
Days to Expiry
29
Calendar days
Total Call OI
1,264
Nearest expiry
Total Put OI
1,252
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$804.25
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$760.00
4/17/2026, 11:04:21 PM
2026-05-15
$790.00
5/15/2026, 11:05:25 PM
2026-06-18NextUpdated
$780.00
5/20/2026, 11:04:50 PM
2026-07-17
$750.00
5/20/2026, 11:04:50 PM
2026-08-21
$750.00
5/20/2026, 11:04:50 PM
2026-11-20
$860.00
5/20/2026, 11:04:50 PM
2026-12-18
$800.00
5/20/2026, 11:04:50 PM
2027-01-15
$710.00
5/20/2026, 11:04:50 PM
Selected expiration: 2026-06-18 at max pain $780.00.
ARGX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
400
0
40678000
40678000
420
4000
38174000
38178000
440
8000
35672000
35680000
480
20000
30668000
30688000
500
28000
28166000
28194000
520
36000
25664000
25700000
540
44000
23166000
23210000
560
52000
20672000
20724000
580
60000
18180000
18240000
590
64000
16938000
17002000
600
71000
15696000
15767000
610
78000
14461000
14539000
620
85000
13237000
13322000
630
92000
12029000
12121000
640
99000
10833000
10932000
650
124000
9644000
9768000
660
159000
8725000
8884000
670
194000
7913000
8107000
680
229000
7122000
7351000
690
264000
6339000
6603000
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.