# BP Max Pain (Strike Pegger)

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

Data as of Nov 12, 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.

## BP quote

| Field | Value |
|---|---|
| Last | 45.82 |
| Change | +0.56 |
| Open | 45.31 |
| Previous | 45.26 |
| High | 46.04 |
| Low | 45.08 |
| Bid | - |
| Ask | - |
| Volume | 5,990,439 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 30.5% |
| Hist Vol | 30.1% |
| Opt Volume | 84,664 |
| Open Int | 457,056 |

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, 2026-12-31, 2027-01-15, 2027-03-19, 2027-04-16, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 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/BP.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 12, 2026 | 45.00 | 45.82 | 45.86 | 6,414 | 3,156 |
| Nov 11, 2026 | 45.00 | 45.26 | 45.82 | 6,377 | 2,665 |
| Nov 10, 2026 | 46.00 | 44.58 | 46.44 | 4,442 | 2,513 |
| Nov 9, 2026 | 47.00 | 44.59 | 46.89 | 3,882 | 2,328 |
| Nov 6, 2026 | 47.00 | 44.53 | 47.31 | 3,657 | 2,000 |
| Nov 5, 2026 | 47.00 | 44.70 | 47.35 | 3,230 | 1,585 |
| Nov 4, 2026 | 48.00 | 45.61 | 48.11 | 2,621 | 1,404 |
| Nov 3, 2026 | 49.00 | 47.59 | 48.25 | 2,428 | 1,335 |
| Nov 2, 2026 | 49.00 | 47.88 | 48.28 | 2,277 | 1,203 |
| Oct 30, 2026 | 49.00 | 50.39 | 48.32 | 1,915 | 1,120 |
| Oct 29, 2026 | 49.00 | 50.35 | 48.38 | 1,848 | 1,113 |
| Oct 28, 2026 | 49.00 | 49.79 | 48.42 | 1,831 | 1,088 |
| Oct 27, 2026 | 49.00 | 48.93 | 48.60 | 1,420 | 790 |
| Oct 26, 2026 | 48.00 | 50.53 | 47.64 | 1,334 | 591 |
| Oct 23, 2026 | 48.00 | 51.32 | 47.42 | 954 | 567 |

## Open Interest by Strike

**Strike Peg is 45.00, Bias: 45.86** (expiration Nov 13, 2026) — 1.8% below the last price of 45.82; open interest 6.41K calls / 3.16K puts (put/call 0.49).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 18 of 39 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 41.50 | 0 | 9 | 11,698 |
| 42.00 | 3 | 184 | 10,315 |
| 42.50 | 1 | 182 | 9,025 |
| 43.00 | 10 | 197 | 7,826 |
| 43.50 | 1 | 65 | 6,731 |
| 44.00 | 205 | 241 | 5,669 |
| 44.50 | 176 | 479 | 4,830 |
| 45.00 | 1,494 | 251 | 4,319 |
| 45.50 | 199 | 55 | 4,680 |
| 46.00 | 736 | 241 | 5,168 |
| 46.50 | 298 | 59 | 6,144 |
| 47.00 | 117 | 271 | 7,299 |
| 47.50 | 29 | 21 | 8,648 |
| 48.00 | 316 | 192 | 10,022 |
| 48.50 | 236 | 14 | 11,650 |
| 49.00 | 411 | 97 | 13,403 |
| 49.50 | 390 | 5 | 15,410 |
| 50.00 | 552 | 224 | 17,615 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 45.00 | 45.82 | 45.86 | 6,414 | 3,156 |
| Nov 20, 2026 | 45.00 | 45.82 | 44.68 | 64,925 | 22,022 |
| Nov 21, 2026 | 45.00 | 45.82 | 44.68 | 64,925 | 22,022 |
| Nov 27, 2026 | 47.00 | 45.82 | 47.34 | 1,362 | 780 |
| Dec 19, 2026 | 42.00 | 45.82 | 41.85 | 81,568 | 41,570 |
| Jan 16, 2027 | 40.00 | 45.82 | 40.99 | 63,131 | 49,078 |
| Mar 20, 2027 | 42.00 | 45.82 | 41.77 | 13,882 | 12,739 |
| Apr 17, 2027 | 47.00 | 45.82 | 46.49 | 3,808 | 6,602 |
| Jun 19, 2027 | 42.00 | 45.82 | 39.70 | 8,043 | 8,689 |
| Sep 18, 2027 | 50.00 | 45.82 | 47.86 | 3,539 | 6,989 |
| Jan 22, 2028 | 40.00 | 45.82 | 41.90 | 35,085 | 15,559 |
| Jan 20, 2029 | 47.00 | 45.82 | 43.57 | 2,593 | 2,462 |

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

## More for BP

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

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