Arrowhead Pharmaceuticals, Inc.Close $77.14EOD only
Max Pain
$65.00
Next expiry Jun 18, 2026
Expected Move
±$11.50
14.9% from close
Price Gap
-12.14
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.46
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — ARWR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (12.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$11.50
±14.9%
Days to Expiry
29
Calendar days
Total Call OI
10,809
Nearest expiry
Total Put OI
5,804
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$77.14
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
$60.00
4/17/2026, 11:05:22 PM
2026-05-15
$67.50
5/15/2026, 11:03:23 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:05:09 PM
2026-07-17
$85.00
5/20/2026, 11:05:09 PM
2026-09-18
$70.00
5/20/2026, 11:05:09 PM
2026-12-18
$70.00
5/20/2026, 11:05:09 PM
2027-01-15
$45.00
5/20/2026, 11:05:09 PM
Selected expiration: 2026-06-18 at max pain $65.00.
ARWR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
25516800
25516800
22
2400
24356000
24358400
23
3600
23775700
23779300
24
4900
23195400
23200300
25
6200
22615200
22621400
28
10100
20874900
20885000
29
11400
20294900
20306300
30
12700
19715000
19727700
31
14700
19135300
19150000
32
16700
18555700
18572400
33
20100
17976300
17996400
34
23500
17397500
17421000
35
26900
16818700
16845600
37
33700
15662100
15695800
38
37100
15088400
15125500
39
40500
14521800
14562300
40
44900
13955200
14000100
41
49300
13392100
13441400
42
53700
12829900
12883600
43
58600
12267700
12326300
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.