# BTAL Max Pain (Strike Pegger)

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

Data as of Nov 10, 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.

## BTAL quote

| Field | Value |
|---|---|
| Last | 13.19 |
| Change | +0.20 |
| Open | 13.05 |
| Previous | 12.99 |
| High | 13.23 |
| Low | 12.94 |
| Bid | - |
| Ask | - |
| Volume | 858,402 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 59.2% |
| Hist Vol | 23.8% |
| Opt Volume | 1 |
| Open Int | 1,025 |

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

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 10, 2026 | 11.00 | 13.19 | 11.25 | 189 | 2 |
| Nov 9, 2026 | 11.00 | 12.99 | 11.09 | 148 | 1 |
| Nov 6, 2026 | 11.00 | 13.25 | 11.10 | 145 | 1 |
| Nov 5, 2026 | 11.00 | 13.61 | 11.10 | 243 | 1 |
| Nov 4, 2026 | 11.00 | 13.08 | 11.10 | 193 | 1 |
| Nov 3, 2026 | 11.00 | 13.13 | 11.10 | 193 | 1 |
| Nov 2, 2026 | 11.00 | 13.31 | 11.13 | 185 | 1 |
| Oct 30, 2026 | 11.00 | 13.25 | 11.13 | 96 | 1 |

## Open Interest by Strike

**Strike Peg is 11.00, Bias: 11.25** (expiration Nov 20, 2026) — 16.6% below the last price of 13.19; open interest 189 calls / 2 puts (put/call 0.01).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 5 of 11 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 10.00 | 1 | 0 | 6 |
| 11.00 | 9 | 0 | 5 |
| 13.00 | 25 | 2 | 21 |
| 14.00 | 104 | 0 | 56 |
| 15.00 | 50 | 0 | 195 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 11.00 | 13.19 | 11.25 | 189 | 2 |
| Nov 21, 2026 | 11.00 | 13.19 | 11.25 | 189 | 2 |
| Dec 19, 2026 | 10.00 | 13.19 | 9.80 | 182 | 26 |
| Mar 20, 2027 | 10.00 | 13.19 | 10.07 | 320 | 1 |

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

## More for BTAL

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

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