# BTQ Max Pain (Strike Pegger)

> BTQ 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.

## BTQ quote

| Field | Value |
|---|---|
| Last | 1.43 |
| Change | -0.08 |
| Open | 1.55 |
| Previous | 1.52 |
| High | 1.55 |
| Low | 1.38 |
| Bid | - |
| Ask | - |
| Volume | 1,448,351 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 190.7% |
| Hist Vol | 114.5% |
| Opt Volume | 62 |
| Open Int | 23,557 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16, 2028-01-21, 2028-06-16, 2028-12-15, 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/BTQ.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 | 2.50 | 1.43 | 2.48 | 1,077 | 65 |
| Nov 12, 2026 | 2.50 | 1.52 | 2.48 | 1,077 | 59 |
| Nov 11, 2026 | 2.50 | 1.74 | 2.48 | 1,077 | 59 |
| Nov 10, 2026 | 2.50 | 1.77 | 2.48 | 1,078 | 59 |
| Nov 9, 2026 | 2.50 | 1.88 | 2.48 | 1,077 | 59 |
| Nov 5, 2026 | 2.50 | 1.67 | 2.51 | 1,080 | 60 |
| Nov 4, 2026 | 2.50 | 1.94 | 2.51 | 1,070 | 60 |
| Nov 3, 2026 | 2.50 | 1.92 | 2.51 | 1,069 | 60 |
| Nov 2, 2026 | 2.50 | 1.93 | 2.52 | 1,056 | 62 |
| Oct 30, 2026 | 2.50 | 1.98 | 2.52 | 1,047 | 61 |

## Open Interest by Strike

**Strike Peg is 2.50, Bias: 2.48** (expiration Nov 20, 2026) — 74.8% above the last price of 1.43; open interest 1.08K calls / 65 puts (put/call 0.06).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 4 of 7 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 1.50 | 0 | 7 | 58 |
| 2.00 | 3 | 1 | 29 |
| 2.50 | 431 | 57 | 2 |
| 5.00 | 643 | 0 | 1,087 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 2.50 | 1.43 | 2.48 | 1,077 | 65 |
| Nov 21, 2026 | 2.50 | 1.43 | 2.48 | 1,077 | 65 |
| Dec 19, 2026 | 1.50 | 1.43 | 1.63 | 130 | 15 |
| Jan 16, 2027 | 2.50 | 1.43 | 2.83 | 15,215 | 3,300 |
| Apr 17, 2027 | 2.50 | 1.43 | 3.44 | 954 | 760 |
| Jan 22, 2028 | 2.50 | 1.43 | 2.67 | 811 | 131 |
| Jan 20, 2029 | 2.50 | 1.43 | 2.78 | 213 | 52 |

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

## More for BTQ

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

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