This page reflects ARGX 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 — ARGX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $850.00 (89.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$850.00
Nearest expiry
Expected Move
±$51.50
±5.5%
Days to Expiry
15
Calendar days
Total Call OI
675
Nearest expiry
Total Put OI
561
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$939.68
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
$790.00
5/15/2026, 11:05:25 PM
2026-06-18
$790.00
6/18/2026, 11:04:07 PM
2026-07-17NextUpdated
$850.00
7/3/2026, 11:04:34 PM
2026-08-21
$830.00
7/3/2026, 11:04:34 PM
2026-11-20
$850.00
7/3/2026, 11:04:34 PM
2026-12-18
$800.00
7/3/2026, 11:04:34 PM
2027-01-15
$710.00
7/3/2026, 11:04:34 PM
2027-03-19
$810.00
7/3/2026, 11:04:34 PM
Selected expiration: 2026-07-17 at max pain $850.00.
ARGX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
360
0
24527000
24527000
390
0
22844000
22844000
400
0
22283000
22283000
440
0
20043000
20043000
450
1000
19483000
19484000
460
3000
18923000
18926000
470
6000
18363000
18369000
480
12000
17803000
17815000
490
19000
17243000
17262000
500
27000
16683000
16710000
600
117000
11083000
11200000
610
127000
10531000
10658000
640
157000
8890000
9047000
650
168000
8356000
8524000
660
180000
7832000
8012000
670
192000
7315000
7507000
680
204000
6798000
7002000
690
217000
6281000
6498000
700
230000
5767000
5997000
710
255000
5271000
5526000
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.