This page reflects ARGX 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 — ARGX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $900.00 (19.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$900.00
Nearest expiry
Expected Move
±$48.70
±5.3%
Days to Expiry
14
Calendar days
Total Call OI
1,171
Nearest expiry
Total Put OI
417
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$919.21
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
$910.00
8/21/2026, 11:04:26 PM
2026-09-18
$920.00
9/18/2026, 11:03:53 PM
2026-10-16NextUpdated
$900.00
10/2/2026, 11:03:14 PM
2026-11-20
$940.00
10/2/2026, 11:03:14 PM
2026-12-18
$950.00
10/2/2026, 11:03:14 PM
2027-01-15
$900.00
10/2/2026, 11:03:14 PM
2027-02-19
$880.00
10/2/2026, 11:03:14 PM
2027-03-19
$990.00
10/2/2026, 11:03:14 PM
2027-05-21
$960.00
10/2/2026, 11:03:14 PM
Selected expiration: 2026-10-16 at max pain $900.00.
ARGX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
600
0
18933000
18933000
620
0
17787000
17787000
820
0
6327000
6327000
830
0
5754000
5754000
840
0
5256000
5256000
850
1000
4763000
4764000
860
2000
4281000
4283000
870
3000
3800000
3803000
880
181000
3324000
3505000
890
359000
2851000
3210000
900
539000
2390000
2929000
910
883000
2040000
2923000
920
1245000
1692000
2937000
930
1875000
1396000
3271000
940
2505000
1102000
3607000
950
3135000
860000
3995000
960
3774000
766000
4540000
970
4419000
675000
5094000
980
5130000
586000
5716000
990
5854000
500000
6354000
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.