Data through close

ARGX max pain, gamma exposure (GEX) & options open interest

As of close · rank #2240 by open interest · snapshot page

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ARGX's nearest-expiration max pain is 900.00 for 2026-10-16, its GEX flip is 794.29, net GEX is 378,452, its put/call open-interest ratio is 0.66. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
919.21
prev 936.00
Gamma max
925.22
+0.7% from close
Delta neutral
886.07
-3.6% from close
Gamma neutral
794.29
-13.6% from close
Open interest
8,066
+2.8% vs prev
Contracts listed
423
273 calls · 198 puts

Whole-chain analytics

Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.

Nearest max pain
900.00
-2.1% from close
2026-10-16
GEX flip
794.29
-13.6% from close
Net GEX
378,452
4,691,943 per 100k OI
Call wall
920.00
+0.1% from close
Put wall
950.00
+3.3% from close
Put/call OI
0.66
3,194 puts / 4,872 calls

Advanced options analysis

Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
–
cross-sectional score / 100
Directional score
–
IV rank
18.0
within trailing 52-week range
Front / back ATM IV
+35.2% / +40.8%
-5.5 pp front premium
Expected move
+6.9%
14 DTE · one standard deviation
ATM straddle / spot
+5.5%
front-window midpoint premium
25Δ risk reversal
12.3 pp
put IV minus call IV
IV butterfly
2.4 pp
front-window smile convexity
Volume / open interest
0.06
466 contracts traded
Normalized net delta
0.090
option-holder convention
Modeled dealer delta
-0.090
opposite-side scenario
Vanna / 100k OI
1,351
volatility-sensitive delta
Charm / 100k OI
-9,116,824
time-decay-sensitive delta
IV surface range
29.2 pp
published contour maximum minus minimum

Download the complete dated analysis JSON .

ARGX closed 0.7% below its gamma max of 925.22. It is 3.6% above the delta neutral price of 886.07. That is a fresh cross: the previous close was on the other side of gamma max. Total open interest is 8,066, +2.8% versus the previous session. What gamma max means · What delta neutral means

History

Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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In today's screens

Neighbours by open interest

← DKL (#2239) TSLX (#2241) →

Questions people ask about ARGX

Where is ARGX's gamma max today?

As of Oct 2, 2026, the gamma max for ARGX is 925.22, +0.7% from the 919.21 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is ARGX above or below its delta neutral price?

ARGX closed above delta neutral: 919.21 against a delta neutral price of 886.07. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does ARGX have?

8,066 contracts of open interest across 423 listed contracts on Oct 2, 2026, +2.8% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.