Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Arch Capital options about one week from expiration was $100.22. The chart above shows the exact max pain for each expiration date.

Arch Capital closed above its near-term max pain on 20 of the last 20 trading days. On Nov 4, 2026 it closed at $110.69, 10.5% above max pain of $100.22.

Over the last 20 trading days, near-term max pain for Arch Capital ranged from $95.00 to $100.38. It went from $95.00 on Oct 8, 2026 to $100.22 on Nov 4, 2026. See the ACGL max pain history for a longer view.

Arch Capital Group Ltd is a Bermuda company that writes insurance and reinsurance with operations in the United States, Canada, Europe, Australia, and the United Kingdom.