thetaOwl
HomeOptionsARMMax Pain

ARM

Arm Holdings plcClose $256.73EOD only
Max Pain
$210.00
Next expiry May 22, 2026
Expected Move
±$8.38
3.3% from close
Price Gap
-46.73
Distance to max pain
IV Rank
76
High premium
P/C OI
1.24
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects ARM 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 — ARM
Data as of market close May 20, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $210.00 (46.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$8.38
±3.3%
Days to Expiry
2
Calendar days
Total Call OI
26,511
Nearest expiry
Total Put OI
28,658
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$256.73
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$210.005/8/2026, 11:04:54 PM
2026-05-15$185.005/15/2026, 11:04:39 PM
2026-05-22NextUpdated$210.005/20/2026, 11:05:02 PM
2026-05-29$205.005/20/2026, 11:05:02 PM
2026-06-05$210.005/20/2026, 11:05:02 PM
2026-06-12$205.005/20/2026, 11:05:02 PM
2026-06-18$155.005/20/2026, 11:05:02 PM
2026-06-26$215.005/20/2026, 11:05:02 PM
2026-07-17$185.005/20/2026, 11:05:02 PM
2026-08-21$160.005/20/2026, 11:05:02 PM
2026-09-18$130.005/20/2026, 11:05:02 PM
2026-10-16$190.005/20/2026, 11:05:02 PM
2026-11-20$165.005/20/2026, 11:05:02 PM
2026-12-18$115.005/20/2026, 11:05:02 PM
2027-01-15$155.005/20/2026, 11:05:02 PM
2027-03-19$170.005/20/2026, 11:05:02 PM
Selected expiration: 2026-05-22 at max pain $210.00.
ARM pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
800245617350245617350
851500231301850231303350
903000217237350217240350
954500203486850203491350
1006000189941850189947850
1059500176631850176641350
11014500163973850163988350
11553500151604350151657850
12094500139641850139736350
125142000128475850128617850
130211000117542850117753850
134271000108994850109265850
135286100106932350107218450
136302800104944250105247050
137319500102957550103277050
138336400100979350101315750
1393533009900855099361850
1403702009704285097413050
1413890009518855095577550
1444460008962565090071650
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.