# ARMG Max Pain (Strike Pegger)

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

Data as of Nov 13, 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.

## ARMG quote

| Field | Value |
|---|---|
| Last | 8.04 |
| Change | -0.83 |
| Open | 8.65 |
| Previous | 8.87 |
| High | 8.77 |
| Low | 7.20 |
| Bid | - |
| Ask | - |
| Volume | 545,768 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 133.4% |
| Hist Vol | 160.8% |
| Opt Volume | 159 |
| Open Int | 7,053 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-03-19, 2027-06-17.

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/ARMG.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 14.00 | 8.04 | 13.75 | 1,278 | 837 |
| Nov 12, 2026 | 14.00 | 8.87 | 13.85 | 1,280 | 846 |
| Nov 11, 2026 | 14.00 | 9.21 | 14.26 | 1,210 | 882 |
| Nov 10, 2026 | 14.00 | 7.41 | 14.26 | 1,211 | 883 |
| Nov 9, 2026 | 15.00 | 7.82 | 14.59 | 1,173 | 894 |
| Nov 6, 2026 | 15.00 | 6.90 | 14.78 | 1,145 | 925 |
| Nov 5, 2026 | 18.00 | 6.30 | 16.80 | 1,140 | 1,388 |
| Nov 4, 2026 | 18.00 | 8.61 | 17.49 | 1,084 | 1,227 |
| Nov 3, 2026 | 18.00 | 9.59 | 17.61 | 1,075 | 1,232 |
| Nov 2, 2026 | 18.00 | 9.06 | 17.78 | 1,046 | 1,233 |
| Oct 30, 2026 | 19.00 | 9.93 | 18.06 | 1,010 | 1,202 |

## Open Interest by Strike

**Strike Peg is 14.00, Bias: 13.75** (expiration Nov 20, 2026) — 74.1% above the last price of 8.04; open interest 1.28K calls / 837 puts (put/call 0.65).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 38 of 40 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 1.00 | 1 | 0 | 10,130 |
| 2.00 | 1 | 0 | 9,294 |
| 4.00 | 0 | 1 | 7,624 |
| 5.00 | 2 | 1 | 6,790 |
| 6.00 | 12 | 6 | 5,959 |
| 7.00 | 8 | 150 | 5,146 |
| 8.00 | 23 | 52 | 4,491 |
| 9.00 | 81 | 57 | 3,911 |
| 10.00 | 102 | 28 | 3,469 |
| 11.00 | 81 | 46 | 3,157 |
| 12.00 | 36 | 27 | 2,972 |
| 13.00 | 51 | 33 | 2,850 |
| 14.00 | 89 | 98 | 2,812 |
| 15.00 | 100 | 86 | 2,961 |
| 16.00 | 53 | 20 | 3,296 |
| 17.00 | 38 | 27 | 3,704 |
| 18.00 | 113 | 44 | 4,177 |
| 19.00 | 24 | 61 | 4,807 |
| 20.00 | 119 | 97 | 5,522 |
| 21.00 | 57 | 0 | 6,453 |
| 22.00 | 25 | 0 | 7,441 |
| 23.00 | 25 | 0 | 8,454 |
| 24.00 | 42 | 3 | 9,492 |
| 25.00 | 73 | 0 | 10,575 |
| 26.00 | 13 | 0 | 11,731 |
| 27.00 | 16 | 0 | 12,900 |
| 28.00 | 5 | 0 | 14,085 |
| 29.00 | 1 | 0 | 15,275 |
| 30.00 | 24 | 0 | 16,466 |
| 31.00 | 9 | 0 | 17,681 |
| 32.00 | 6 | 0 | 18,905 |
| 33.00 | 4 | 0 | 20,135 |
| 34.00 | 2 | 0 | 21,369 |
| 35.00 | 20 | 0 | 22,605 |
| 36.00 | 7 | 0 | 23,861 |
| 38.00 | 3 | 0 | 26,387 |
| 39.00 | 4 | 0 | 27,653 |
| 40.00 | 8 | 0 | 28,923 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 14.00 | 8.04 | 13.75 | 1,278 | 837 |
| Nov 21, 2026 | 14.00 | 8.04 | 13.75 | 1,278 | 837 |
| Dec 19, 2026 | 16.00 | 8.04 | 16.85 | 2,819 | 585 |
| Mar 20, 2027 | 15.00 | 8.04 | 17.86 | 884 | 471 |
| Jun 19, 2027 | 12.00 | 8.04 | 13.34 | 98 | 81 |

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

## More for ARMG

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

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