Arrowhead Pharmaceuticals, Inc.Close $87.90EOD only
Max Pain
$85.00
Next expiry Aug 21, 2026
Expected Move
±$2.90
3.3% from close
Price Gap
-2.90
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.65
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects ARWR 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 — ARWR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (2.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.90
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
5,895
Nearest expiry
Total Put OI
7,983
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$87.90
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
$70.00
6/18/2026, 11:03:47 PM
2026-07-17
$75.00
7/17/2026, 11:05:26 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:04:32 PM
2026-09-18
$75.00
8/18/2026, 11:04:32 PM
2026-12-18
$80.00
8/18/2026, 11:04:32 PM
2027-01-15
$50.00
8/18/2026, 11:04:32 PM
2027-03-19
$65.00
8/18/2026, 11:04:32 PM
Selected expiration: 2026-08-21 at max pain $85.00.
ARWR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
28729250
28729250
45
0
24739750
24739750
50
0
20750750
20750750
55
6000
16798750
16804750
60
12000
12872250
12884250
65
23000
9217750
9240750
67.5
28500
7465750
7494250
70
34000
5726000
5760000
72.5
101000
4367500
4468500
75
176000
3131750
3307750
77.5
296750
2279500
2576250
80
429750
1441000
1870750
82.5
649750
804500
1454250
85
887500
189250
1076750
87.5
1296500
88000
1384500
90
1793250
17500
1810750
92.5
2373000
7500
2380500
95
3014750
0
3014750
100
4638250
0
4638250
105
6613250
0
6613250
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.