# ARM Max Pain (Strike Pegger)

> ARM max pain chart: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 11, 2026 (end of day).

Max Pain© analysis: the peg is the strike where call and put writers' aggregate liability is minimized; the target price (bias) is where call and put liability converge.

## ARM quote

| Field | Value |
|---|---|
| Last | 203.36 |
| Change | +21.87 |
| Open | 191.83 |
| Previous | 181.49 |
| High | 207.44 |
| Low | 188.43 |
| Bid | - |
| Ask | - |
| Volume | 6,690,893 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 76.5% |
| Hist Vol | 80.9% |
| Opt Volume | 67,981 |
| Open Int | 927,105 |

Expiration: Nov 13, 2026.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-02-19, 2027-03-19, 2027-04-16, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2028-06-16, 2028-12-15, 2029-01-19.

Change the view with query parameters: `expiration` (YYYY-MM-DD, the daily history and the by-strike profile), `date` (an earlier session). Example: `/quotes/strike-pegger/ARM.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 11, 2026 | 190.00 | 203.36 | 195.62 | 21,473 | 15,295 |
| Nov 10, 2026 | 192.50 | 181.49 | 195.76 | 20,972 | 15,235 |
| Nov 9, 2026 | 192.50 | 186.30 | 194.71 | 17,659 | 12,733 |
| Nov 6, 2026 | 200.00 | 174.62 | 200.05 | 15,010 | 10,745 |
| Nov 5, 2026 | 200.00 | 166.72 | 209.87 | 13,332 | 10,008 |
| Nov 4, 2026 | 225.00 | 191.80 | 232.49 | 5,981 | 8,458 |
| Nov 3, 2026 | 230.00 | 202.49 | 233.79 | 5,486 | 8,247 |
| Nov 2, 2026 | 230.00 | 196.79 | 235.53 | 5,035 | 9,278 |
| Oct 30, 2026 | 235.00 | 205.97 | 240.44 | 4,459 | 4,718 |
| Oct 29, 2026 | 235.00 | 228.77 | 240.15 | 4,333 | 4,547 |
| Oct 28, 2026 | 235.00 | 235.90 | 240.03 | 4,219 | 4,381 |
| Oct 27, 2026 | 235.00 | 226.60 | 240.43 | 3,958 | 4,259 |
| Oct 26, 2026 | 235.00 | 223.35 | 240.88 | 3,688 | 4,135 |
| Oct 23, 2026 | 250.00 | 210.33 | 252.76 | 2,573 | 3,862 |

## Open Interest by Strike

**Strike Peg is 190.00, Bias: 195.62** (expiration Nov 13, 2026) — 6.6% below the last price of 203.36; open interest 21.47K calls / 15.30K puts (put/call 0.71).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 16 of 120 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 185.00 | 707 | 670 | 116,037 |
| 187.50 | 455 | 362 | 110,357 |
| 190.00 | 659 | 1,161 | 106,719 |
| 192.50 | 357 | 224 | 107,632 |
| 195.00 | 548 | 291 | 109,997 |
| 197.50 | 217 | 289 | 114,459 |
| 200.00 | 4,669 | 211 | 120,187 |
| 202.50 | 247 | 94 | 138,114 |
| 205.00 | 2,226 | 144 | 156,894 |
| 207.50 | 411 | 263 | 181,599 |
| 210.00 | 1,190 | 201 | 207,989 |
| 212.50 | 928 | 13 | 237,857 |
| 215.00 | 346 | 181 | 270,077 |
| 217.50 | 52 | 25 | 303,614 |
| 220.00 | 834 | 986 | 337,344 |
| 222.50 | 62 | 63 | 375,624 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 190.00 | 203.36 | 195.62 | 21,473 | 15,295 |
| Nov 20, 2026 | 225.00 | 203.36 | 216.08 | 60,687 | 55,749 |
| Nov 21, 2026 | 225.00 | 203.36 | 216.08 | 60,687 | 55,749 |
| Nov 27, 2026 | 205.00 | 203.36 | 204.77 | 3,133 | 3,758 |
| Dec 19, 2026 | 190.00 | 203.36 | 177.33 | 94,119 | 93,773 |
| Jan 16, 2027 | 230.00 | 203.36 | 234.06 | 77,416 | 115,040 |
| Feb 20, 2027 | 230.00 | 203.36 | 217.16 | 6,456 | 14,944 |
| Mar 20, 2027 | 240.00 | 203.36 | 232.57 | 29,829 | 36,011 |
| Apr 17, 2027 | 250.00 | 203.36 | 252.19 | 7,008 | 17,904 |
| Jun 19, 2027 | 150.00 | 203.36 | 173.81 | 70,164 | 57,890 |
| Sep 18, 2027 | 270.00 | 203.36 | 277.38 | 5,237 | 21,934 |
| Jan 22, 2028 | 250.00 | 203.36 | 243.61 | 27,572 | 29,155 |
| Jan 20, 2029 | 240.00 | 203.36 | 245.66 | 3,208 | 3,105 |

Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.

## More for ARM

- [Quote](https://www.optionistics.com/quotes/stock-quotes/ARM.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/ARM.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/ARM.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=ARM)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/ARM.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/ARM.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/ARM.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/ARM.md)

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