# BUR Max Pain (Strike Pegger)

> BUR 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.

## BUR quote

| Field | Value |
|---|---|
| Last | 3.65 |
| Change | -0.06 |
| Open | 3.70 |
| Previous | 3.71 |
| High | 3.78 |
| Low | 3.64 |
| Bid | - |
| Ask | - |
| Volume | 1,827,808 |
| Trades | - |
| Dividend | 0.06 |
| Yield | 1.38% |
| Ex-Div | Nov 23, 2026 |
| Split Date | - |
| Impl Vol | 84.3% |
| Hist Vol | 83.0% |
| Opt Volume | 5 |
| Open Int | 49,555 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16, 2028-01-21.

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/BUR.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 | 5.00 | 3.65 | 4.28 | 2,643 | 448 |
| Nov 9, 2026 | 5.00 | 3.71 | 5.00 | 2,643 | 470 |
| Nov 6, 2026 | 5.00 | 3.59 | 4.32 | 2,643 | 450 |
| Nov 5, 2026 | 5.00 | 3.96 | 4.32 | 2,642 | 450 |
| Nov 4, 2026 | 5.00 | 4.16 | 4.32 | 2,642 | 450 |
| Nov 3, 2026 | 5.00 | 3.79 | 4.32 | 2,640 | 451 |
| Nov 2, 2026 | 5.00 | 3.75 | 4.32 | 2,640 | 451 |
| Oct 30, 2026 | 5.00 | 3.40 | 4.32 | 2,640 | 451 |

## Open Interest by Strike

**Strike Peg is 5.00, Bias: 4.28** (expiration Nov 20, 2026) — 37.0% above the last price of 3.65; open interest 2.64K calls / 448 puts (put/call 0.17).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 9 of 10 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 2.50 | 103 | 263 | 513 |
| 5.00 | 580 | 165 | 308 |
| 7.50 | 159 | 20 | 1,965 |
| 10.00 | 614 | 0 | 4,070 |
| 12.50 | 165 | 0 | 7,710 |
| 15.00 | 788 | 0 | 11,763 |
| 17.50 | 128 | 0 | 17,785 |
| 20.00 | 92 | 0 | 24,128 |
| 25.00 | 14 | 0 | 37,273 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 5.00 | 3.65 | 4.28 | 2,643 | 448 |
| Nov 21, 2026 | 5.00 | 3.65 | 4.28 | 2,643 | 448 |
| Dec 19, 2026 | 5.00 | 3.65 | 4.33 | 6 | 11 |
| Jan 16, 2027 | 5.00 | 3.65 | 4.98 | 6,573 | 8,346 |
| Apr 17, 2027 | 5.00 | 3.65 | 5.06 | 679 | 932 |
| Jan 22, 2028 | 5.00 | 3.65 | 4.95 | 19,946 | 9,971 |

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

## More for BUR

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

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