ARGX Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $936 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.63

3k P / 5k C

Put/Call (Volume)

2.40

175 P / 73 C that session

30d ATM IV

36%

annualized implied move

Call wall

$1,080

273 contracts

Put wall

$750

146 contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.63 puts per call outstanding.
●Call wall at $1,080 (273 contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $750 (146 contracts), 20% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.4× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	1k	369	0.32	94
2026-11-20	615	385	0.63	95
2026-12-18	1k	915	0.65	5
2027-01-15	649	338	0.52	30
2027-02-19	135	74	0.55	1
2027-03-19	161	288	1.79	0
2027-05-21	6	14	2.33	4
2027-12-17	686	643	0.94	19

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.